Jim Cramer Urges Buying Apple Stock on iPhone Duo, Not Smart Home Buzz

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Jim Cramer urged investors to buy Apple stock because of the iPhone Duo rather than the company's smart home ambitions, calling the device "AMAZING." The iPhone Duo is priced at 1,999 and will be available in the U.S. on Oct. 23, with pre-orders opening on Oct. 16. Cramer's comments on X followed a Bloomberg report by columnist Mark Gurman that Apple will launch a major new smart home device with a display on Oct. 13. Apple is reportedly preparing to introduce the smart-home device, code-named J490, featuring a roughly 6-inch square display that recognizes users by voice and delivers personalized information based on individual accounts. The tech giant also plans to update its HomePod mini and Apple TV with a revamped Siri AI assistant, with the HomePod mini reportedly coming in new colors including green and pink.

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Cramer urges buying Apple on the iPhone Duo, a new device priced at $1,999 launching Oct. 23, plus a new smart-home device with display and Siri AI updates.