Cramer's Morning Take: Apple 10/31/25

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Jim Cramer (0:10)

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Jim Cramer (0:47)

Hey, it's Cramer and this is my morning take on the market from today's CNBC Investing Club morning meeting. We do have a higher market, but the stock that I'm actually focused on that's not up, that I think should be, is Apple. Apple had a fantastic quarter, but even more important, it had great guidance. I think that this is going to prove, if it comes down, to be a buying opportunity for those who do not own any Apple, because when you get a conviction level, and I heard Tim Cook and I spoke to Tim Cook personally, I've never heard it before like this. So let it come in, let people say, oh, it's Hindenburg, which is some technical thing. I say, let it come in, and then if you don't own any Apple, you can buy it. We have a same attitude with Voicethat, which is own it, don't trade it. That's the attitude we have from video, too. And I thought that Tim's conviction level never hurt him as much.

SPEAKER_3 (1:40)

Yeah, look, the quarter was solid. It would revenue up 8, services revenue up 15%, better than expected. iPhone sales up 6, it wasn't missed. You know, America is, China is missed. There were some supply constraints there. That's going to get better next quarter. But it is the guide that was so meaningful. Guided revenue to increase 10 to 12%, much better than the 6% estimate. iPhone revenue growth, double digits. Which is extraordinary. Yes, and service revenue growth looks higher than estimates as well. So it was a good quarter.

Jim Cramer (2:13)

Yeah, the multiple at 33 is not the real multiple. It's probably going to end up being like 27, 28

Again, I've only listened to the CFO, the amount of cash they generate. This is a company that is on course again.

SPEAKER_3 (2:27)

It's had a huge comeback since April when there was concerns about tariffs really crushing their profits, but they've been able to manage their supply chain.

Jim Cramer (2:37)

The way I look at this thing, something's happened in China. Something's happened with the PRC, with the government, that they're now back and they just haven't talked about it, but the Chinese sales are going to return to greatness and I think they're going to propel the stock higher, not just America. And there's lots of different countries that have 200 million people that are buying the heck out of this thing.

SPEAKER_3 (2:57)

Yeah, and actually Starbucks, their numbers in China were pretty solid too. I guess I hope that's all a good leading indicator for Nike, which we know needs to fix China.

Jim Cramer (3:09)

I'd like to buy some Nike. The stocks I'd like to buy, just to go again, was Boeing, which I can't because we mentioned it. And then Nike, why these? Because these are going to come back. They may not come back this quarter, but you will not, it's like, I don't want to buy Lululemon. That's to me a bridge too far. But Nike, yes, and Boeing, yes, because these are companies that are vastly improved. But Kelly Ortberg, who's doing so much better than Calhoun. And with, you know, with LA Hills, doing so much better than, oh my god.

SPEAKER_3 (3:39)

Rough week for both of those, but looking to buy both.

Jim Cramer (3:41)

In the same way that, you know, I believe Brian Nicol. I really believe Brian Nicol. When he told me, and again, I speak to him offline and online, he has said, Jim, this is it. And by the way, there have been three phone calls, three quarters, where I had said, can I go out? And he said, Jim, I don't want you to have me out. This is a great opportunity to buy this company.

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