From CNBC · Natasha Abellard · · 1m 10s
Cramer: Apple sellers are making a huge mistake
Jim Cramer dismisses reports of iPhone 18 production cuts as overblown, urging investors to buy the dip instead of selling.
In brief
Jim Cramer dismisses reports of iPhone 18 production cuts as overblown, urging investors to buy the dip instead of selling. Jim Cramer called investors selling Apple on Friday stupid, arguing the stock's two percent drop on iPhone 18 production cut reports is an opportunity to buy. Originally reported by CNBC.
Apple shares fall on production report
Apple shares fell roughly two percent on Friday after Nikkei Asia reported the tech giant is cutting component orders for iPhone eighteen Pro and iPhone eighteen Pro Max due to weaker demand.
Cramer calls sellers stupid as plywood
Jim Cramer said on CNBC that investors selling Apple on Friday are making a huge mistake. If you're selling it here, you're stupid as plywood, he said.
“If you're selling it here … I've got to tell you that you're stupid as plywood.”
Cramer doubts the report and sees catalysts
Cramer cast doubt on the report's accuracy, noting that former Apple CEO Tim Cook has previously pushed back on similar claims. He pointed to new products as stock catalysts.
iPhone Duo and smart home products ahead
Cramer highlighted the iPhone Duo, Apple's first foldable smartphone launching October sixteenth at nineteen ninety-nine dollars, and a new smart home lineup at Tuesday's Welcome Home event as major growth drivers.
“The Duo is the most exciting thing I've ever seen.”
The big picture
Jim Cramer called investors selling Apple on Friday stupid, arguing the stock's two percent drop on iPhone 18 production cut reports is an opportunity to buy.
