“What happened to all of those Apple (AAPL) bears?” Jim Cramer asks for TheStreet. “Where are the people who urged you to trade out of it so you wouldn’t be hurt by the next quarter? Where are the ones who were ferociously warning you about the gulf, the chasm, the Mariana Trench between here and the next iPhone iteration and how there was no other revenue coming in? Did they disappear? Go to work for Samsung? LG?”
“It is simply ridiculous that people don’t understand Apple has an ecosystem and it is supported by many different income streams,” Cramer writes. “It is preposterous to think that a huge number of people won’t want to gravitate to the iPhone 7.”
“To me, this might be the one “cyclical” that really hasn’t had the run yet in a crowded trade where so much junk has been taken up,” Cramer writes. “Still worth a look, especially as you know the company just raised enough money to buy along with you.”
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