Homepage / Technology / Cramer: Don't trade Apple on reports about iPhone parts — they've been 'proven wrong' in the past
test Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review How to Conduct a Virtual Data Room Review Glory Online Casino Türkiye En Iyi Oyunları Ve Bahisleri Olan Kumarhane

Technology

Cramer: Don't trade Apple on reports about iPhone parts — they've been 'proven wrong' in the past

CNBC’s Jim Cramer said he’s skeptical of any discouraging reports surrounding Apple‘s iPhones or its suppliers because the articles have been proven wrong many times in the past.

Cramer spoke on Friday as Apple’s stock was losing more than 1 percent after the tech giant, according to Japan’s Nikkei news service, told its supply chain to make 20 percent fewer parts for iPhones in the second half of 2018. Many Apple suppliers and chipmakers also saw their stocks drop on the Nikkei report.

“The reason we’re so jaundiced about [these reports] is we’ve heard this time and time again, and they’ve been proven completely wrong,” said Cramer whose charitable trust owns shares of Apple.

“Most recently, the last quarter was supposed to be a disappointment,” Cramer said on “Squawk on the Street.” Media reports at the time were “100 percent sources, sources, sources,” he added. Those dire predictions that hit the stock in the lead up to last month’s earnings report turned out to be wrong, and the stock then soared.

Ahead of the iPhone maker’s second-quarter results, which beat exceptions, analysts had effectively eviscerated the estimates with downbeat supplier surveys and doom-spelling notes about weak China sales, the “Mad Money” host said at the time.

“The company sold more iPhones than most of the bullish analysts thought, including the X, which the community had derided endlessly,” Cramer said in May.

Cramer on Friday asked how it’s possible for Wall Sreet analysts to believe media reports on iPhone demand, given how much work Apple does with different suppliers.

“I come at it in a very skeptical way because Apple has a number of suppliers, and you don’t necessarily get the right picture from one,” Cramer said.

Source: Tech CNBC
Cramer: Don't trade Apple on reports about iPhone parts — they've been 'proven wrong' in the past

Comments are closed.