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Jim Cramer is not giving up on Apple. Here's why [CNBC]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
“If Apple can shake off its current shroud of negativity — maybe they make nice with President Trump somehow — I could justify paying 35 times earnings for the stock,” he said. “Which is why I'm simply not ready to give up on this one.” CNBC's on Friday told investors that he's still pulling for , even as its stock lags behind the averages. “If Apple can shake off its current shroud of negativity — maybe they make nice with President Trump somehow — I could justify paying 35 times earnings for the stock,” he said. “Which is why I'm simply not ready to give up on this one.” Cramer said he understands the current lack of enthusiasm for the iPhone maker. President is slapping steep tariffs on China, where Apple does the majority of its manufacturing. Trump has also the company would have to pay a tariff of 25% or more if it were to make smartphones anywhere outside the U.S. — thwarting Apple's plans to dodge the new regulations by moving manufacturing to India. Some analysts have
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