TheStreet's Jim Cramer: Apple's Competitors "No Longer Relevant"
TheStreet's Jim Cramer: Apple's Competitors "No Longer Relevant"
by , 2:10 PM EDT, April 23rd, 2008
Jim Cramer, an investment analyst, was interviewed recently about Apple. He said that all you have to do is pay attention to Apple and have teenage kids to realize that that the other companies who make products that compete with Apple's are no longer relevant. PC's might as well be a typewriter and the iPhone is the new status symbol with teenagers.
Jim Cramer's interview is at TheStreet.com.
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Mr. Cramer, a respected and talented observer of Wall Street, had his eyes opened when he started looking at the culture surrounding his teenagers and how they perceived non-Apple products as totally uncool.
He asserted that there's actually a lot of resistance by people who analyze stocks to what's really going on with Apple in that they're not deeply engaged. They don't go to the Apple stores, or like Mr. Cramer, are not lucky enough to have kids through which they can get a better perception of the industry.
His conclusion, in a fascinating video interview, was that Apple has remarkable pull with the youth and the acceleration of Apple has just begun.
Observer Comments
Cramer is not perfect and freely admits it. He is in a business of giving advice and making predictions at a breakneck pace, and will inevitably make mistakes.
But Cramer is right on this. I also have teenage daughters and friends with teenagers and students. There is simply no alternative to their expressed desires for Apple products.
Want to punish your teenager? Get them a Zune and watch their face fall.
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