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Apple needs new analysts that know how to cover its services business, Jim Cramer says

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'People keep underestimating Apple's new business model,' the 'Mad Money' host says.

The company needs a new cohort of researchers that will give more weight to its subscription service business than its iPhone sales, the"People just don't understand how to evaluate the new Apple. They view it as a sagging hardware story," he said. "People keep underestimating Apple's new business model."

The company has been shifting focus from hardware to services as the iPhone replacement cycle becomes lengthier and the subscription economy grows. Coming off the quarter report, the host thought Apple deserved a string of price target increases and upgrades to buy fro hold.

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jimcramer fair point. Sacconaghi is the 1 ranked analyst for IT hardware for 17 years. His strong specialization hurts his diversification to value a company metamorphis like AAPL away from hardware and to recurring revenue.

Lol what a clown

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Apple and Samsung earnings show most people don't want $1,000 phonesApple and Samsung's earnings both show that sales of expensive premium phones are down. Instead, people want affordable phones with good cameras and long battery life. Hell nah Thank you consumers for slowing the market down!! 🙏🙏🙏 mr_jettlife
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