Squawk on the Street Cramer’s Morning Take: Apple 6/10/25
Jun 10, 2025
Jim Cramer dives into the potential pitfalls facing a major tech giant, discussing strategies for boosting workforce efficiency. He reviews highlights from Apple's Worldwide Developers Conference and offers a cautious outlook on its stock. The conversation also raises eyebrows over stock buybacks and their impact on capital allocation. Additionally, the role of AI in product development comes under scrutiny, alongside insights from short-sellers on stock valuation and market trends.
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Apple's Limited Downside Insight
- Apple's recent WWDC lacked game-changing innovations but focused on design improvements.
- Despite downgrades and a stock decline, the downside seems limited to around 10%.
Skepticism About Apple's Buyback
- Jim Cramer expresses skepticism about Apple's share buyback amidst a 20% stock drop.
- Questions arise if the company's cash could be better utilized than buying back shares now.
Enhance AI to Boost Upgrades
- For Apple to encourage phone upgrades, better AI enhancements are needed, such as integrating advanced language models.
- Monitoring improvements to Siri will be important for assessing AI's impact on product upgrades.