Apple Inc CEO Tim Cook calls CNBC's Jim Cramer on 10th anniversary special of "Mad Money" TV show
Apple's chief executive Tim Cook telephoned CNBC financial entertainment star Jim Cramer to congratulate him on ten years of performing his "Mad Money" high energy cable TV show, which injects wild hysterics and physical comedy rage into the generally buttoned down world of financial news.
The two exchanged compliments, with Cramer replying, "I want to congratulate you for running the greatest company on earth, and for creating such amazing wealth, and the best products on earth for everybody. You have done a remarkable job, Tim. I am honored that you're calling in."
Cook in turn called Cramer "a champion for American innovation" and said at Apple, "we love the fact that you highlight innovation as a centerpiece of your show."
Cook used his ostensibly "surprise" appearance to tout the company's new Research Kit initiative and Apple Pay payments, which he noted that Cramer had earlier predicted would "take the country by storm."
Cook said "and it is doing it!" adding that he hoped Cramer's own Bar San Miguel would soon begin accepting Apple Pay, to which Cramer shouted "Done! Done!"
The two discussed global currency fluctuations ("Currency's clearly a problem," Cook said, "but frankly the best companies will figure out a way to manage it"); the legacy of Steve Jobs ("there's not a day that goes by that I don't think about Steve," Cook said. "And he is still... the core part of Apple. His DNA is deep in the company. And his office is still next to mine, with his name on the door. And the values that he placed in here, and sort of the spirit that we are here to make the very best products in the world that enrich peoples' lives, that is still the centerpiece of this company"); as well as the future of technology in the car, the home and in healthcare.
After trading more compliments with Cook, Cramer told his audience, "I revere Tim Cook. And I revere Apple. I am so proud that they are an American company. I am proud to be an American. Happy Anniversary, everybody! Ten years of making you money continues. That was Tim Cook on the phone! Holy cow! We're just getting started! 'Mad Money' tonight!"
Cramer floated a false story immediately after the iPhone's launch that Apple's wireless partner Cingular (later renamed as today's AT&T) would provide a year and a half of free mobile service for the iPhone. The story was picked up by blogs and widely publicized on syndication sites like Kevin Rose's once successful Digg website.
The next year Cramer proclaimed in video interview that "Without Steve Jobs, There is No Apple," where he stated that "the innovation [at Apple] is all being driven by one man."
In 2009, Jon Stewart of the Daily Show skewered Cramer for stating how easy it was to profit from misinformation targeting Apple, calling the practice "disingenuous at best and criminal at worst."
Just last year, Cramer endorsed "Fibonacci analyst" Carolyn Boroden, who had performed a numerology chart reading and determined that Apple was in retrograde while IBM was ascendent. "Avoid Apple, embrace IBM say charts," implored CNBC's "Mad Money" headline.
"Sometimes the forecasts of these professional chart-watchers are so accurate that it's staggering," Cramer stated at the time. Since that advice was given, Apple stock has increased by more than 44 percent, while IBM is down 15.51 percent.
The two exchanged compliments, with Cramer replying, "I want to congratulate you for running the greatest company on earth, and for creating such amazing wealth, and the best products on earth for everybody. You have done a remarkable job, Tim. I am honored that you're calling in."
Cook in turn called Cramer "a champion for American innovation" and said at Apple, "we love the fact that you highlight innovation as a centerpiece of your show."
Cook used his ostensibly "surprise" appearance to tout the company's new Research Kit initiative and Apple Pay payments, which he noted that Cramer had earlier predicted would "take the country by storm."
Cook said "and it is doing it!" adding that he hoped Cramer's own Bar San Miguel would soon begin accepting Apple Pay, to which Cramer shouted "Done! Done!"
The two discussed global currency fluctuations ("Currency's clearly a problem," Cook said, "but frankly the best companies will figure out a way to manage it"); the legacy of Steve Jobs ("there's not a day that goes by that I don't think about Steve," Cook said. "And he is still... the core part of Apple. His DNA is deep in the company. And his office is still next to mine, with his name on the door. And the values that he placed in here, and sort of the spirit that we are here to make the very best products in the world that enrich peoples' lives, that is still the centerpiece of this company"); as well as the future of technology in the car, the home and in healthcare.
After trading more compliments with Cook, Cramer told his audience, "I revere Tim Cook. And I revere Apple. I am so proud that they are an American company. I am proud to be an American. Happy Anniversary, everybody! Ten years of making you money continues. That was Tim Cook on the phone! Holy cow! We're just getting started! 'Mad Money' tonight!"
Cramer hasn't always been bullish on Apple
In 2007 Cramer detailed how easy it was to foment fear of the iPhone by inventing false rumors to manipulate the company's stock while taking advantage of Apple's tight lipped security, writing that this "is very easy, because the people who write about Apple want that story. And you can claim that it is credible because you spoke to someone at Apple, because Apple isn't in [a position to comment on unannounced products]. It is an ideal short."Cramer floated a false story immediately after the iPhone's launch that Apple's wireless partner Cingular (later renamed as today's AT&T) would provide a year and a half of free mobile service for the iPhone. The story was picked up by blogs and widely publicized on syndication sites like Kevin Rose's once successful Digg website.
The next year Cramer proclaimed in video interview that "Without Steve Jobs, There is No Apple," where he stated that "the innovation [at Apple] is all being driven by one man."
In 2009, Jon Stewart of the Daily Show skewered Cramer for stating how easy it was to profit from misinformation targeting Apple, calling the practice "disingenuous at best and criminal at worst."
Just last year, Cramer endorsed "Fibonacci analyst" Carolyn Boroden, who had performed a numerology chart reading and determined that Apple was in retrograde while IBM was ascendent. "Avoid Apple, embrace IBM say charts," implored CNBC's "Mad Money" headline.
"Sometimes the forecasts of these professional chart-watchers are so accurate that it's staggering," Cramer stated at the time. Since that advice was given, Apple stock has increased by more than 44 percent, while IBM is down 15.51 percent.
Comments
Good for Cook!
I like Cramer; he seems to have a good grasp of the markets.
Listening to Tim Cook talking about those health apps got me thinking. Can you imagine just how jealous Google must be about all that health data.? They must be kicking themselves. Imagine if Schmitt hadn't given Apple the shaft and actually had worked WITH apple. There would be no Apple Maps and perhaps Google would have the chance to monitize some of that health data? But because Google is so evil and exploitive it has killed any chance of that and now Apple is going to take that market and Google has not a chance in hell of it now.. Schmitty is a complete Moron. How many companies trust Google now? No Health company or University is going to share its heath data with Google. That would be foolish.
The thing to remember about 'analysts' in general is that if they were any good, they wouldn't offer their advice for free. And if you pay them, chances are they're still going to hold back their thoughts at times.
Cramer is a hack like the rest of them.
Apple's chief executive Tim Cook telephoned CNBC financial entertainment star Jim Cramer to congratulate him on ten years of performing his "Mad Money" high energy cable TV show, which injects wild hysterics and physical comedy rage into the generally buttoned down world of financial news.
The two exchanged complements, with Cramer replying, "I want to congratulate you for running the greatest company on earth, and for creating such amazing wealth, and the best products on earth for everybody. You have done a remarkable job, Tim. I am honored that you're calling in."
Cook in turn called Cramer "a champion for American innovation" and said at Apple, "we love the fact that you highlight innovation as a centerpiece of your show."
Cook used his ostensibly "surprise" appearance to tout the company's new Research Kit initiative and Apple Pay payments, which he noted that Cramer had earlier predicted would "take the country by storm."
Cook said "and it is doing it!" adding that he hoped Cramer's own Bar San Miguel would soon begin accepting Apple Pay, to which Cramer shouted "Done! Done!"
The two discussed global currency fluctuations ("Currency's clearly a problem," Cook said, "but frankly the best companies will figure out a way to manage it"); the legacy of Steve Jobs ("there's not a day that goes by that I don't think about Steve," Cook said. "And he is still... the core part of Apple. His DNA is deep in the company. And his office is still next to mine, with his name on the door. And the values that he placed in here, and sort of the spirit that we are here to make the very best products in the world that enrich peoples' lives, that is still the centerpiece of this company"); as well as the future of technology in the car, the home and in healthcare.
After trading more complements with Cook, Cramer told his audience, "I revere Tim Cook. And I revere Apple. I am so proud that they are an American company. I am proud to be an American. Happy Anniversary, everybody! Ten years of making you money continues. That was Tim Cook on the phone! Holy cow! We're just getting started! 'Mad Money' tonight!"
Cramer hasn't always been bullish on Apple
In 2007 Cramer detailed how easy it was to foment fear of the iPhone by inventing false rumors to manipulate the company's stock while taking advantage of Apple's tight lipped security, writing that this "is very easy, because the people who write about Apple want that story. And you can claim that it is credible because you spoke to someone at Apple, because Apple isn't in [a position to comment on unannounced products]. It is an ideal short."
Cramer floated a false story immediately after the iPhone's launch that Apple's wireless partner Cingular (later renamed as today's AT&T) would provide a year and a half of free mobile service for the iPhone. The story was picked up by blogs and widely publicized on syndication sites like Kevin Rose's once successful Digg website.
The next year Cramer proclaimed in video interview that "Without Steve Jobs, There is No Apple," where he stated that "the innovation [at Apple] is all being driven by one man."
In 2009, Jon Stewart of the Daily Show skewered Cramer for stating how easy it was to profit from misinformation targeting Apple, calling the practice "disingenuous at best and criminal at worst."
Just last year, Cramer endorsed "Fibonacci analyst" Carolyn Boroden, who had performed a numerology chart reading and determined that Apple was in retrograde while IBM was ascendent. "Avoid Apple, embrace IBM say charts," implored CNBC's "Mad Money" headline.
"Sometimes the forecasts of these professional chart-watchers are so accurate that it's staggering," Cramer stated at the time. Since that advice was given, Apple stock has increased by more than 44 percent, while IBM is down 15.51 percent.
Look at the chart Apple fell more last fall than IBM and is trading about the same level now using that as a starting point mid November. YOu can prove almost anything with a chart. No one could have known prior to IBM's bad earnings. Its so easy to prove a point in hind sight. Its tough to make predictions - so all that criticism about Cramer endorsing that analyst is twaddle at best. A typical bad piece of journalism pretending to masquerade as sensible, which it isn't. I remember the time period very well and it did look like Apple was in trouble and IBM on the ascendent
Listening to Tim Cook talking about those health apps got me thinking. Can you imagine just how jealous Google must be about all that health data.? They must be kicking themselves. Imagine if Schmitt hadn't given Apple the shaft and actually had worked WITH apple. There would be no Apple Maps and perhaps Google would have the chance to monitize some of that health data? But because Google is so evil and exploitive it has killed any chance of that and now Apple is going to take that market and Google has not a chance in hell of it now.. Schmitty is a complete Moron. How many companies trust Google now? No Health company or University is going to share its heath data with Google. That would be foolish.
Imagine if Schmitt hadn't given Apple the shaft and actually had worked WITH apple, Google got no Android or Android for touch screen. Maybe Android was just like Blackberry OS.
And you know this how? You know with absolute certainty that Apple would've never screwed Google?
Fcuk Cramer. I remember how he would trash AAPL, knowing full well he was putting out false information to profit from it. He's a piece of sh!t and Tim Cook sank down a notch in my book for even acknowledging this hack.
At the minimum, he should have been fined. Of course, the SEC has zero balls to do anything about it.
"Bear Stearns is fine!!"
Jim Cramer, One of the greatest hacks in history.
Look at the chart Apple fell more last fall than IBM and is trading about the same level now using that as a starting point mid November. YOu can prove almost anything with a chart. No one could have known prior to IBM's bad earnings. Its so easy to prove a point in hind sight. Its tough to make predictions - so all that criticism about Cramer endorsing that analyst is twaddle at best. A typical bad piece of journalism pretending to masquerade as sensible, which it isn't. I remember the time period very well and it did look like Apple was in trouble and IBM on the ascendent
No the chart very clearly shows that IBM immediately trended negative, then nearly recovered, and has since fallen significantly, while Apple was up, up and more up. The entire analysis was based on chart shaping, not fundamentals. If you remember being wrong back then, well, then, yes, you were wrong, too. Cramer endorsed magic chart numerology, and was wrong about it.
Journalism is the practice to recording what happened, and this is what happened.
Also, please don't quote entire articles into your comments.
Look at the chart Apple fell more last fall than IBM and is trading about the same level now using that as a starting point mid November. YOu can prove almost anything with a chart. No one could have known prior to IBM's bad earnings. Its so easy to prove a point in hind sight. Its tough to make predictions - so all that criticism about Cramer endorsing that analyst is twaddle at best. A typical bad piece of journalism pretending to masquerade as sensible, which it isn't. I remember the time period very well and it did look like Apple was in trouble and IBM on the ascendent
No the chart very clearly shows that IBM immediately trended negative, then nearly recovered, and has since fallen significantly, while Apple was up, up and more up. The entire analysis was based on chart shaping, not fundamentals. If you remember being wrong back then, well, then, yes, you were wrong, too. Cramer endorsed magic chart numerology, and was wrong about it.
Journalism is the practice to recording what happened, and this is what happened.
Also, please don't quote entire articles into your comments.
The problem with these predictions is knowing when they are supposed to happen. That's the gripe I have with analyst targets; when are they forecasting? They should be made to always give a specific date attached to a price target.
The problem with these predictions is knowing when they are supposed to happen. That's the gripe I have with analyst targets; when are they forecasting? They should be made to always give a specific date attached to a price target.
Analysts forecasts are 12-18 month targets.
And your feelings about Cramer couldn't be more incorrect. He's a loudmouthed side-showman that gets it right sometimes, which is less often than most 'legit' analysts. Gene Munster of Piper Jaffray is right more often than Cramer is…..which isn't saying much.
Tim Cook wanted Steve to have his organ inside him?
Well, I guess that's a DEFINITE confirmation that he's gay...
(Joke! Joke!)
???? You're going to hell for that one but I also found it funny. Look me up when you get there.