CNBC’s Jim Cramer broke down Apple’s latest quarterly report that topped Wall Street’s revenue and profit expectations. Apple could give the market a boost after the stock popped on a "stunning" quarterly report.

"I was worried that Apple wouldn’t be able to give us enough of an upside surprise to propel the stock higher because it had already run so much" the 'Mad Money' host said after reviewing the tech titan’s results of the holiday quarter.

Cramer concluded: "Well, maybe I should’ve had even more faith in a company that I always do. It reported a monster top- and bottom-line beat, fueled by phenomenal iPhone and AirPods sales, along with continued growth from their service revenue stream.”

The stock had gained about 30% since it last reported in late October.

Read the full CNBC report to learn about Cramer's views on Tesla and more.