Jim Cramer Lauds Apple’s Strong Q4 Performance, Calls Out Skeptics
Apple's fourth-quarter earnings report delivered a decisive beat, with shares climbing 2.3% after hours. The tech giant posted $1.85 EPS (up 13% YoY) and $102.5 billion revenue (up 8%), marking eight consecutive quarters of surpassing analyst expectations. CNBC's Jim Cramer took to X to challenge persistent bears, stating they "owe us an explanation" for underestimating Apple's execution across lead times, store demand, and financial estimates.
iPhone 17 demand and services growth drove the outperformance. Despite only two weeks of sales data, the new flagship outsold its predecessor by 14% in early tracking. Services revenue jumped 15.1% to demonstrate the durability of Apple's ecosystem monetization. CEO Tim Cook signaled confidence in holiday momentum, projecting double-digit iPhone sales growth during the critical seasonal period.
