Mad Money's Jim Cramer is upbeat about Apple's Earning Call on Wednesday due to iPhones and the Stay-at-Home Economy
CNBC's Jim Cramer, a big fan of Apple, stated on his daily Mad Money show yesterday that he was upbeat about Apple's earning call this coming Wednesday.
More specifically, Cramer stated that he thinks Apple is "going to be incredibly upbeat about its entire product line, not just the iPhone 12, which does take remarkable pictures. They’re cleaning up thanks to the stay-at-home economy and the service revenue stream should keep growing, too.
The one wild card is currency. Apple has left so much money on the table because of the strong dollar, but the greenback got much weaker this quarter. I think that is going to matter." We'll wait to hear if Apple's CFO Luca Maestri mentions that point next week."
On Wednesday, Apple, Boeing, Facebook, Tesla and Abbott Laboratories report their financials. Jim Cramer's commentary on Apple starts at the 1:05 minute mark of the video below.