Jim Cramer sees a huge catalyst on the horizon for Apple. How to play the stock
Jim Cramer urges investors to buy Apple stock, identifying the upcoming iPhone Duo foldable phone as the primary catalyst for the company's next growth phase. The device is priced at 1,999 dollars and is scheduled for U.S. release on October 23. Cramer specifically advised prioritizing the Duo over Apple's smart home products. Apple shares rose between 1% and 1.1% during regular trading following these comments, later reaching 334.25 dollars in after-hours trading. Pre-orders for the foldable device are set to begin on October 16.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ The iPhone Duo is priced at 1,999 dollars.
- ✓ The iPhone Duo will be available in the U.S. on October 23.
- ✓ Pre-orders for the iPhone Duo open on October 16.
- ✓ Jim Cramer recommended buying Apple stock because of the iPhone Duo.
What changed
Jim Cramer identified the 1,999 dollar iPhone Duo foldable as a buy catalyst over smart home products.
Live updates
-
Jim Cramer Recommends Buying Apple Ahead of iPhone Duo Launch
Jim Cramer urges investors to buy Apple stock, identifying the upcoming iPhone Duo foldable phone as the primary catalyst for the company's next growth phase. The device is priced at 1,999 dollars and is scheduled for U.S. release on October 23. Cramer specifically advised prioritizing the Duo over Apple's smart home products. Apple shares rose between 1% and 1.1% during regular trading following these comments, later reaching 334.25 dollars in after-hours trading. Pre-orders for the foldable device are set to begin on October 16.
Why it matters
The iPhone Duo represents Apple's entry into the foldable smartphone market. This launch comes amid conflicting analyst sentiment, as Morgan Stanley recently lowered its price target for the company. Cramer argues that such valuations underestimate the potential impact of the new hardware.
What is confirmed
- The iPhone Duo is priced at 1,999 dollars.
- The iPhone Duo will be available in the U.S. on October 23.
- Pre-orders for the iPhone Duo open on October 16.
- Jim Cramer recommended buying Apple stock because of the iPhone Duo.
Still unconfirmed
- Morgan Stanley cut its Apple price target on Thursday.
What to watch next
- Apple pre-order volume starting October 16
- Official U.S. retail launch on October 23
- Updated analyst price targets following the Duo release
confidence 95%Sources used for this update (14)
- finance.yahoo.com — Jim Cramer Says 'Buy' Apple Stock Because of iPhone Duo, Not ...
- parameter.io — Jim Cramer Urges Investors to Buy Apple (AAPL) Stock Over ...
- CNBC — Jim Cramer sees a huge catalyst on the horizon for Apple. How to play the stock
- CNBC — Stocks making the biggest moves premarket: Alphabet, Accenture, Rocket Lab, Micron and more
- Seeking Alpha — Macro Insights: 5% Yield, AI Spending Sanity, And The Bullish Counter-Thesis
- The Motley Fool — The 10-Year Treasury Pays 5.2%. The S&P 500 Only Needs 4% Earnings Growth to Keep Up.
- CNBC — Here are Thursday's biggest analyst calls: Nvidia, Apple, Netflix, Micron, Amazon, Meta, Toll Brothers & more
- Bloomberg.com — Rising Yields Are Wreaking Havoc on Stocks Outside the AI Trade
- Golf Channel — 2026 Bank of Utah Championship: Round One
- www.cnbc.com — Jim Cramer sees a huge catalyst on the horizon for Apple. How to play the stock
- guavy.com — Cramer Sees Foldable Duo as Catalyst for Apple Growth | Guavy
- www.cnbc.com — CNBC Investing Club Newsletter
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community