Jim Cramer sees a huge catalyst on the horizon for Apple. How to play the stock
The iPhone Duo is what will drive Apple's next leg higher, Jim Cramer predicted.
TL;DR
- Jim Cramer suggests buying Apple shares if they drop before the iPhone Duo's release.
- He believes Wall Street, including analysts at Morgan Stanley, underestimates the iPhone Duo's financial importance.
- The iPhone Duo, Apple's first foldable device, preorders start Oct. 16, with an official release on Oct. 23, starting at $1,999.
- Morgan Stanley cut its price target for Apple shares but maintained a buy-equivalent rating, expecting four consecutive years of iPhone unit growth.
- The iPhone 18 Pro and Pro Max start at $1,199 and $1,299 respectively, with a price hike from the previous year.
- Cramer believes the iPhone Duo is revolutionary and will significantly impact Apple's stock performance, despite Morgan Stanley's more conservative short-term financial projections.