Jim Cramer: There’s no ‘phone war’ between Apple and Google

“There is much ado about the so-called ‘phone war’ between Apple and Google after the latter released its Nexus One; ‘You’d think these two companies were locked in a steel cage claymation death match war of annihilation. Stalingrad. Tarawa. Iwo Jima,’ said Cramer on his ‘Mad Money’ TV program on Thursday January 7,” Seeking Alpha reports.

Cramer “said instead of a phone war, the non-existent battle of the phones is a ‘phony war’ invented by the press,” Seeking Alpha reports.

“There is room for both Apple and Google, especially since SmartPhones comprise only 15% of the handset market,” Seeking Alpha reports. “Cramer predicts huge growth for both companies and thinks Google will reach $750 and Apple will hit $300 [12-month price targets].”

Full article here.

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