Squawk on the Street Cramer's Morning Take: Apple 1/31/25
Jan 31, 2025
Jim and Jeff dive into Apple's latest earnings report, revealing the struggles in iPhone sales and market challenges, especially in China. They explore the broader tech landscape and how interest rates and investor sentiment play pivotal roles. A fascinating interview with an Apple executive offers a glimpse into the company's future strategies. Despite setbacks, there are positive trends in other regions and a cautiously optimistic outlook for growth ahead.
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Episode notes
Conversation with Tim Cook
- Jim Cramer spoke with Tim Cook, CEO of Apple, before the market opened.
- Cook's confidence signaled a positive outlook for Apple, contributing to the stock's initial rise.
Apple Earnings Impact
- Apple's recent earnings report wasn't as bad as feared, boosting market sentiment.
- This positive surprise led to short-covering and a market rally, especially in tech stocks.
Apple AI and China
- While iPhone sales were slightly down, Apple's performance in markets with AI features is strong.
- The anticipated approval of Apple AI in China could further boost sales and market share.