By any measure, Apple had an astonishingly successful decade between 2010 and 2020, becoming the world’s first publicly traded $1 trillion company in the process. But Apple’s next 10 years could be another monster decade for the company, Mad Money host Jim Cramer speculates.
Speaking on his 65th birthday Monday, Cramer said that, “I’m going to make another 10-year bet [on Apple]. I think they’re that good.”
Apple is currently the most valuable U.S. company, with a market cap of $1.4 trillion. Over the past decade, its stock has increased more than 1,000%. Cramer sees that more than offsetting current concerns about the impact of coronavirus on iPhone production.
Mad Money host Cramer is convinced there’s far more growth for Apple where that came from, too. “I remember when you had Merck and Coca-Cola cross the $100 billion barrier … everyone thought that was just crazy,” he said. “I don’t want to rule out something that seemed crazy 10-years ago for certain.”
Cramer pointed to the Apple Watch and AirPods as evidence that Tim Cook has innovated over the past decade. “The guy changed our lives, but people don’t give him any credit,” he said.
He also said that the fact that the AirPods (which plenty of people thought looked odd when they first saw them) is proof positive of the pull of Apple. “Tim Cook made us look like we’re nuts, and we pay for it,” he said. “What is he going to come up with next?”
Source: CNBC
