TheStreet: Apple Is a Stock to Own Not Trade says Jim Cramer

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Apple is a stock to own, not to trade, even though there are Wall Street analysts perpetually predicting its downfall, said TheStreet’s Jim Cramer. The iPhone maker will reveal its fourth-quarter earnings on Tuesday at market close. For the fiscal year 2016, analysts anticipate that Apple will report $215.67 billion in annual revenue, down from $233.72 billion it reported the previous year. The last time Apple experienced an annual decline in revenue was in 2001 when the company reported $5.36 billion in revenue, down from $7.98 billion in revenue in 2000. Apple then released the iPod at the end of 2001 and shot up from there.

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