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Jim Cramer Says Apple Will 'Roll Retailers Like It Did Record Companies'

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Following Apple Inc. (NASDAQ: AAPL)'s earnings call Tuesday afternoon, Jim Cramer spoke on CNBC’s Squawk On The Street and provided some insight on the company, its future and its stock -- particularly, on why investors should own it rather than trade it.

Regarding this last point, Cramer explains: “this [Apple’s $18 billion record profit] is why I’ve been saying ‘don’t trade it, own it,’ because this is a mesmerizing quarter.”

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