Cramer: 'I Am Not Going To Bet Against Apple'

After slumping down significantly over the last few days, Apple Inc. (NASDAQ: AAPL) spiked up more than 2 percent on Friday.

One of the reason for that spike could be CNBC's Jim Cramer proclaiming that he is 'not going to bet against Apple.' Cramer was recently seen discussing the stock and elaborating on why the recent negative news concerning the company won't have a big impact on the company.

Apple Watch Has Never Been The Story

"I listen to every word that Phil LeBeau says and if GM sales are down, then Apple's sales are going to cool off a little," Cramer said. "We have some notes out this morning saying that Apple Watch sales are weaker. That's never been the story for me – it's the iPhone."

Related Link: BMO Trims Apple Watch Estimates, Boosts iPhone View

Not Going To Bet Against Apple

"The stock is down more than I think the iPhone sales might be hurt in China. I am not going to say— Look, it's at 13 times earnings. Now, you can say that's why it's at 13 times earnings. But, I got to tell you, I am not going to bet against Apple here like so many people I know who have not only given up on it, but are like just saying, 'The watch is a big joke.'"

Everyone Is Going To Buying Apple Watch

"I swear, it's not a big joke when it gets more software, when it can tell your blood pressure. Everyone in this country is going to have to buy it because UnitedHealth is going to tell you to wear it," Cramer concluded.

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