Cramer Backs Apple After iPhone 17 Reveal, Urges Patience on Post-Launch Dips
His stance reflects reduced regulatory risk following a favorable court ruling.
Overview
- On Sept. 16, Jim Cramer praised Apple after visiting a glass supplier’s factory in Kentucky and called the company his “quarterback stock.”
- He advised investors not to react to day‑of launch moves, citing that shares fell on four of the last five iPhone launch days yet averaged a 13% gain one year later.
- Apple introduced the iPhone 17 lineup on Sept. 9, featuring the ultra‑thin iPhone Air, alongside new Apple Watch models and upgraded AirPods.
- For Q3 2025, Apple reported $94 billion in revenue, up 10% year over year, with iPhone sales rising 13%.
- A Sept. 2 court decision that blocked a forced divestiture of core assets is credited with easing regulatory risk, and Apple counts ownership stakes from 156 hedge funds.