Apple reports record $109.4 billion in quarterly revenue as Jim Cramer signals bullish momentum for the new iPhone Duo foldable device, despite potential supply chain and valuation headwinds.
Jim Cramer highlighted Apple's foldable iPhone demand and record Q3 results, supporting a bullish outlook despite valuation risks.
Apple Inc. shares continue to climb following record fiscal third-quarter 2026 results, which saw revenue jump 16.4% to $109.4 billion. Jim Cramer highlighted the potential for the new iPhone Duo foldable to drive further growth, despite concerns regarding the stock's elevated 34.72x forward earnings valuation.
Bullish sentiment is primarily driven by record financial performance, including $109.4 billion in quarterly revenue, and high consumer demand expectations for the new iPhone Duo foldable.
Primary risks include an elevated forward earnings valuation of 34.72x, potential production yield challenges for the new foldable hardware, and macroeconomic sensitivity in the Greater China market.