“Apple is challenging a court ruling that orders the iPhone maker to help the FBI break into an iPhone used by one of the shooters in the San Bernardino terrorist attack,” Rachel Graf reports for TheStreet. “‘I do feel that [Apple CEO] Tim Cook is in a jam here because who wants to aid and abet terrorism?’ TheStreet‘s Jim Cramer said on CNBC’s Squawk on the Street this morning, adding that the FBI will likely argue this is what Cook is doing.”
“‘But he’s talking about a whole different right that his company has basically guaranteed to people, so what’s he going to do, just fold?’ Cramer continued,” Graf reports. “It would be great to know the information on that phone, but mining just one customer’s data would create a ‘slippery slope’ that could ultimately lead to privacy invasions, Cramer noted.”
“‘I do think you really have to go back and say, this stock has been in the dog house for a long time,’ Cramer continued, noting that it’s a cyclical stock now,” Graf reports. “Cramer has continually told investors to own Apple shares. Now, he thinks it’s time to buy.”
Read more in the full article here.
MacDailyNews Take: Booyah!
SEE ALSO:
Why Apple is fighting back against U.S. federal government demands for iPhone access – February 17, 2016
Hugh Johnson: Apple shares have at least 30% upside potential – February 16, 2016
Analyst: Apple had its strongest January since 2008 – February 16, 2016