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Cramer's Morning Take: Apple 1/31/25

Cramer's Morning Take: Apple 1/31/25

Update: 2025-01-31

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Jim and Jeff discuss the earnings report from this mega cap tech stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake

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Transcript

00:00:00

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00:00:58

Hey, it's Kramer, and this is my morning take on the market from today's CMC Investing Club Morning Meeting.

00:01:08

We're kind of an interesting market today.

00:01:09

We've got rates are unchanged kind of after this PC number that the Fed thinks is wide-board, in the right oscillator, still too high that I don't want to put money on to the market.

00:01:21

I'm uncomfortable doing that, but we're seeing like a second-day thing that's happening.

00:01:28

Meta is really good.

00:01:30

It's almost like, well, Apple, which is better, is giving me a glow to a lot of tech, and I think there's a lot of people who are short tech and short Apple,

00:01:40

and that didn't work, and they're covering, and that explains this.

00:01:43

Yeah, and we've essentially erased the losses from Monday after that, miserable, open, the clothes a little bit higher than we moved off the lows off that Monday,

00:01:56

but it's obviously been a wild week, still digesting everything with DeepSeek, trying to figure out exactly what it means for AI spending, and everything around that.

00:02:08

Can we go there for once?

00:02:10

Well, no, let's go to Apple, I think Apple's.

00:02:13

Sure, because I speak to Tim Cook.

00:02:15

Pretty big company.

00:02:16

People should know.

00:02:17

I speak to Tim Cook, along with Steve Covex.

00:02:20

I have a private interview with him from 330 to about quarter of four, and I know that doesn't sound good a lot of time, but you can really get a lot of help when you talk to Tim.

00:02:29

And what I felt was a level of confidence that made it so that you understood why the stock opened up much higher.

00:02:36

I can understand what the stock's going down, because it wasn't like they blew the number out.

00:02:41

Sure.

00:02:41

It just wasn't as bad as fear.

00:02:42

Not as bad as fear.

00:02:44

Not as bad as fear.

00:02:44

And that's what it is, so you can say, well, I don't want to buy a stock that's not as bad as fear, but they're obviously if you're short to stock, you didn't get to home on your expect.

00:02:52

Yeah, but look, it was a top-of-line bottom beat, despite iPhone sales down 1% China was bad as we figured, right?

00:02:58

This is China bad.

00:03:00

That's iPhone.

00:03:00

That's right.

00:03:01

But I think the key thing here is that Cook did say that markets where Apple intelligence is available, they are seeing outperformance of the iPhone 16.

00:03:11

They're going to roll it out with more languages in April, more...

00:03:14

That was the key thing.

00:03:15

Because we hope that they get buy-new, say, as the partner in China.

00:03:20

It's not a reason China yet.

00:03:22

Right.

00:03:22

So the thinking is once it is approved there, you'll start to see better performance in China.

00:03:28

And while you're taking a lot of share.

00:03:31

Guidance for March, not as bad as fear.

00:03:33

They guided for low-to-mid single-digit revenue growth.

00:03:36

That incorporates FX headwinds of 2.5% points, services still growing, and that's obviously the huge part of the story too.

00:03:42

But I think the market's a little bit less worried about the June quarter now, right?

00:03:47

That's exactly right.

00:03:48

Start your day with my outlook on the market every morning.

00:03:52

Visit cbc.com/morningtake to become a CNBC Investing Club member at a special rate today.

00:03:59

All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC Investing Club are solely Kramer's opinions and do not reflect the opinions of CNBC,

00:04:10

NBC Universal, or their parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, internet, or another medium.

00:04:18

No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer.

00:04:25

The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy.

00:04:33

You should be aware of the risk of loss in following any strategy or investment discussed in the content from Kramer.

00:04:38

To view the full CNBC Investing Club disclaimer, please visit CNBC.com/investingclubdisclamer.

00:04:44

As a business owner, you wear a lot of hats.

00:04:48

One minute you're ordering today's inventory, and the next you're planning tomorrow's expansion.

00:04:52

It's complicated, but your business credit card should be simple.

00:04:57

With the Signify Business Cash Card by Wells Fargo, you earn unlimited 2% cash rewards on purchases for your business with no caps or categories to track.

00:05:06

Signify Business Cash, the deliberately simple business credit card.

00:05:10

Learn more at Wells Fargo.com/signify.

00:05:12

Terms Apply.

00:05:15

[BLANK_AUDIO]

00:05:25

Cramer's Morning Take: Apple 1/31/25

Cramer's Morning Take: Apple 1/31/25

CNBC

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