Apple Inc. (AAPL): It's 'Outrageous' To Say Tim Cook Should Leave, Says Jim Cramer
Apple Inc. (NASDAQ:AAPL) is a regular feature of Cramer's morning show. Earlier during the year, the CNBC host defended the stock after shares struggled due to weakness in the Chinese smartphone market. Cramer continued to defend Apple Inc. (NASDAQ:AAPL) after analysts soured on its Siri and perceived AI weakness. He continued to defend the company, and this time, Cramer discussed reports suggesting that Apple Inc. (NASDAQ:AAPL) CEO Tim Cook should leave the company:
'[On analysts saying Tim Cook should leave] I wanted to say, I thought it was outrageous. I thought that was outrageous. I wish that I could've, that I would love to be able to be Tim Cook and say what I've done for the shareholders. And it's just incredible. The amount of wealth that man has created. I mean that's like when I saw, at one point today I saw in premarket that NVIDIA was down. I was going to call for Jensen's firing. . .I mean come on. . .you know Jensen has to go. Can we like stop? Like stop? Like Tim Cook's great.'
A wide view of an Apple store, showing the range of products the company offers.
Cramer discussed key traits for a potential Tim Cook successor earlier. Here is what he said:
'[On Morgan Stanley saying Tim Cook's successor could benefit from having a hardware background] Well look, it's funny hardware is part of the, I'm glad you mentioned hardware, hardware's part of the issue of how NVIDIA got to where it is. This is an essentially, there's a belief in many people on Wall Street and in Silicon Valley, that hardware prevails here because we're gonna get rid of a huge number of people who would do SaaS, you know, software as a service, and that includes, yes, Salesforce, includes ServiceNow, includes DataDog which got out of the S&P. Because there are going to be fewer and fewer people who are actually in the organization who need that. But that does not mean that you wouldn't need more Apple.'
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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