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Tim Cook Was Disrespected During Apple's Conference Call: Jim Cramer

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Tim Cook Was Disrespected During Apple's Conference Call: Jim Cramer

Jim Cramer is a big fan of earnings conference calls and listens to as many as possible. On Wednesday, he offered his take on Apple Inc.'s (NASDAQ: AAPL) call.

Cramer was quick to point out there was a tremendous amount of disrespect on the conference call towards Apple CEO Tim Cook.

"If you don't know any better, you would think it was an orchestrated cabal to be able to make Tim Cook and his team seam like a pack of fools who are - yes- without a plan, who don't know what's going to happen," Cramer said.

Cramer suggested that Bernstein's Toni Sacconaghi blasted Apple's executive team and more-or-less said, "Guys... Come one... You can't do it now with Samsung laying down?"

Next up was UBS' Steven Milunovich who basically asked management, "Do you guys even have a plan?"

Morgan Stanley's Katy Huberty, who Cramer describes as normally mild-mannered, basically said, "Hey guys, what is the deal? Are you ever going to become a growth company again?"

Cramer said only one analyst on the call, Piper Jaffray's Gene Munster, offered a congratulations to Cook and the Apple team. Cramer suggested there was only one helpful question asked during the Q&A session and it related to Apple's demand outlook in China.

In fact, Cramer thinks Cook should have rightfully felt "disgusted."

Finally, Cramer pointed out that many of these analysts cherry-pick on Apple while simultaneously offering praise towards companies like Oracle Corporation (NYSE: ORCL), International Business Machines Corp. (NYSE: IBM) and Microsoft Corporation (NASDAQ: MSFT) who have all shown negative or no growth as of late.

"If you ever listen to the 'congratulations gentleman' that those guys get... I've had it with these analysts!" Cramer concluded.

 

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