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Cramer: What I Think Of Apple's Ecosystem


Apple Inc. (NASDAQ: AAPL) is up roughly 1.5 percent, trading at $111.62.

Jim Cramer spoke on CNBC's "Stop Trading" segment, explaining why he is keeping a close eye on Apple.

"Apple. This morning, Credit Suisse adds to its focus list. Talking about the service revenues – maybe they even double. That's really the story. That's why the stock's been going up," Cramer began.

Related Link: Brean Takes A Bite Out Of Apple: iPhone Shipments Might Be Too Optimistic

Cramer surmised that Credit Suisse's outlook has been encouraged by the growing number of Apple consumers.

"Fourteen billion, maybe close to 30 billion— as more and more people are part of the Apple ecosystem."

Apple is up 6 percent year-to-date, and up 126 percent over the past five years. In addition to Credit Suisse's inclusion of the stock on its Focus List, the firm has maintained its Outperform rating on the stock. Brean Capital has a Buy rating, and Longbow Research has an Outperform rating.

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