Jim Cramer on Apple’s New Products: ‘No-Brainers’

Apple has been making big moves to become less reliant on their smartphones and other sales.

All those new products and services that Apple launched on Monday were ‘no-brainers’ according to Jim Cramer. Well, when you do the math, yes, Apple is offering quite a high value at a relatively low cost.

Apple’s efforts to branch out have culminated in their big announcements on Monday. Now, Apple is jumping into news, television, digital streaming, and even Hollywood. This will certainly help Apple diversify their revenues, but how will it affect you, the consumer?

Unfortunately, the details are still coming out, and it is not yet clear what exactly will be included in Apple’s new packages. However, Cramer’s sources claim that everything will be included. The Apple credit card offers 2% cash back on the same day, and you get 3% off at the Apple store. The other switches are similarly useful, and Apple News provides an amazing value when you punch the numbers. The single-app subscription will cost $120, billed annually, but will provide content that would individually cost you over $8000 annually to gain access.

On the business end, the Apple card is likely to be the most profitable of the four products announced on Monday. The tech giant’s foray into the credit card industry will likely face challenges from industry leaders going forward, bringing up the possibility of lessened growth prospects. Still, all things considered, it’s clearly understandable why Cramer is ready to hop on-board the Apple train.

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5 years ago
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