Jim Cramer: Buy Apple; iPhone 2.0 huge, forthcoming ‘Conversation’ product to have iPod-like impact

“Buy Apple (AAPL), Jim Cramer said on CNBC’s ‘Stop Trading!’ segment Monday,” TheStreet.com reports.

“Cramer said that there is a ‘grudging recognition’ in the market, especially after Nokia’s cautious guidance, that the iPhone will continue to win among smartphones. He said the iPhone is ‘huge, and when we get the next iteration … it’s going to be game, set, match,'” TheStreet.com reports.

“Cramer also said that a new Mac product, Conversation, will bring Apple to the forefront of instant messaging. He said the product will be similar to the iPod in its impact. ‘The analysts don’t see it because the analysts don’t use it,’ he said. ‘I think this is a gigantic product,'” TheStreet.com reports.

Full article here.

On March 6, 2008, Dennis Sellers reported for Macsimum News, “An Apple patent (number 20080055269) for a portable device for instant messaging has appeared at the U.S. Patent & Trademark Office. It relates, as you might guess, generally to portable electronic devices, and more particularly, to portable devices for performing instant messaging.”

Full article here.

[Thanks to MacDailyNews Reader “Patrice” for the heads up.]

37 Comments

  1. What a Baffoon!! I see Apple stock dropping on wed after the report. Or later in June when these SUPER Apple killer products are not mentioned. Pump the stock before hand, sell just before the presentations, Kill the stock after and buy when it hits a low.

    These guys should be investigated and if the connection to their buddies buying and selling stock is found, JAILED.

    Just a thought.

    en

  2. Go back and look at what Cramer said about GOOG just before they went up what…89 points in one day last Friday? He doesn’t know much more than we do, folks. If he was than knowledgeable and that rich from his investments, would he really need his TV show
    and all the radio station touring. He is a pawn just like a music artist. He should state his worth as a credential as to why we all should listen to him.

  3. How about this article and heading. ???

    The heading implies that because this analysis raised his Apple share level guidance that the stock price took off. More garbage. 🙁

    en

    Apple shares rise after analyst increases price target
    Associated Press 04.21.08, 2:03 PM ET

    NEW YORK –
    Apple Inc. shares rose Monday after an RBC Capital Markets analyst raised his price target for the stock, predicting the company’s fiscal second-quarter results will beat expectations.
    Apple (nasdaq: AAPL – news – people ) shares rose $3.79 to $164.83. The company is slated to issue its quarterly report on Wednesday.
    In an investor note Monday, RBC analyst Mike Abramsky increased his price target to $190 from $175 and reiterated his “Outperform” rating.
    Abramsky expects the computer and gadget maker to report second-quarter revenue of $7.2 billion and earnings of $1.11 per share – higher than the average estimate of analysts polled by Thomson Financial, who expect revenue of $6.95 billion on earnings of $1.07 per share.
    The analyst said checks and proprietary data suggest Apple shipped 2.2 million Mac computers in the second quarter, which would be a 46 percent increase year-over-year.

  4. Seriously, I see nothing more to this than the iPhone texting app…

    The iPhone has scrolling by gestures (as mentioned in the patent application), and it has separate “conversations”…

    This is an older iPhone patent application… Not a new device.

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