Jim Cramer Warns Apple Stock Should Have 'Never Been Up That Much' After Q3 Earnings Even As This Analyst Defends iPhone 16 Launch

Quick Summary:

After Apple Inc.'s (NASDAQ:AAPL) forecast cuts following the company’s fourth-quarter results, “Mad Money” host Jim Cramer cautions that “the stock should never have been up that much,” while Dan Ives defends the company’s strong iPhone 16 launch.

What Happened: On Thursday, Cramer took to X, formerly Twitter, and suggested that Apple's lowered financial forecast, indicating a slowdown, has now been "absorbed" by the market, which he thinks brings down overhyped expectations to a more "reasonable" level Okay we are over the big bad forecast cut for Apple.

Interesting that Europe was strong for BOTH Apple and Amazon

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United StatesChina

Topics: Wedbush IPhone 16 Benzinga IPhone Equities Benzinga neuro Consumer Tech Tech Analyst Color Stories That Matter Markets Appleverse News US0378331005 Jim Cramer AAPL Dan Ives

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 10:08:29 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23363314

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