“Apple CEO Tim Cook shifted the company’s narrative as a smartphone company to something else in a conference call with investors on Tuesday, CNBC’s Jim Cramer said,” Berkeley Lovelace Jr. reports for CNBC.

“‘This is a company that may have the most powerful subscribers in the world with 150 million strong. Maybe we don’t need to buy Netflix,’ Cramer said on Squawk on the Street,” Lovelace Jr. reports. “Apple is ‘not a cell phone company,’ he said.”

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