Jim Cramer points to new, 'very bullish' signs that Apple's China business is on the mend

CNBC's Jim Cramer sees Apple 's China business coming back — pointing to stronger monthly App Store numbers, due to activity in the world's second-largest economy. "This is very bullish," Cramer said Tuesday, reacting to Morgan Stanley data showing a mild acceleration of overall App Store growth in May to 11.7% year over year.

mountain AAPL stock performance year-to-date. Slower iPhone sales in China have been a thorn in Apple's side. But, sales there came in much better than feared during the company's latest quarter. Following earnings, the Investing Club raised its price target on Apple to $220 per share from $205. A potential catalyst for Apple stock could be next month's Worldwide Developers Conference.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market TuesdayPalo Alto Networks is better than it looks. Here's why.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayStock futures were flat Monday as all three averages look to extend their winning streaks.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy'sCNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market FridayWall Street heads for a flat open Friday. Reddit shares jump in the premarket while Cracker Barrel slides.
Source: CNBC - 🏆 12. / 72 Read more »