Cramer: Investors selling Apple on latest iPhone 18 report are 'stupid as plywood'
Cramer says investors who don't own the stock should use Friday's weakness to build a position.
TL;DR
- Jim Cramer stated that investors selling Apple shares on Friday are making a 'huge mistake'.
- Apple shares fell approximately 2% after a report indicated reduced component orders for the iPhone 18 Pro and Pro Max.
- Cramer advised investors who do not own Apple stock to use the current weakness to start a position.
- He expressed doubt about the accuracy of the report, referencing past instances where Apple pushed back on similar claims.
- New products, including the foldable iPhone Duo and upcoming smart home devices, are highlighted as potential growth drivers.
- The iPhone Duo is set to be available for preorder on October 16th, with a starting price of $1,999.