Core Viewpoint - The discussion emphasizes the importance of owning Apple stock rather than trading it, highlighting the company's consistent ability to produce beloved products and the potential for significant stock appreciation over time [1][3][25]. Group 1: Apple Stock Performance - Apple stock has seen a positive impact from multiple analysts upgrading their ratings, contributing to a broader market rally with the Dow gaining 516 points, S&P up 1.07%, and NASDAQ rising 1.37% [2]. - The recent release of the iPhone 17 series has been described as a major success, with various models appealing to different consumer preferences [4][9]. - Analysts predict that Wall Street's earnings estimates for Apple may be too low, suggesting potential for upward revisions in the future [12][14]. Group 2: Market Sentiment and Analyst Opinions - There is a noted disconnect between bearish analyst sentiments and the actual performance and popularity of Apple products, with many negative narratives being dismissed as unfounded [10][11][23]. - The company's strong sales in China and the innovative features of the iPhone 17 have been highlighted as key factors driving positive sentiment [9][12]. - Analysts from firms like Evercore and Loop have expressed optimism about Apple's service revenue growth and upcoming product innovations, including a foldable phone [14][15]. Group 3: Consumer Behavior and Brand Loyalty - Apple has a massive install base of 1.5 billion iPhones, which contributes to its strong market position and customer loyalty [15][17]. - The excitement surrounding Apple product launches often leads to significant consumer turnout, reinforcing the brand's popularity [16]. - The relationship with Google, where Apple receives over $20 billion for being the default search engine, underscores the company's strong negotiating power and revenue potential [17][18].
I blame analysts, shorts for keeping investors out of Apple's stock, says Jim Cramer