Jim Cramer: Apple Earnings Show Why He Always Says Hold Apple

TheStreet's Jim Cramer says the latest blockbuster results from Apple is exactly why he's been telling investors for more than a year to hold Apple and not trade it. On Tuesday Apple posted earnings that smashed analysts' expectations. Cramer says Tim Cook delivered incredible numbers in all the areas that matter: sales in China, sales of the iPhone 6 and sales of the iPhone 6 Plus. Also, he says, Apple Watch and Apple Pay are going to carry the rest of the year. And as a result of that, Cramer tells investors to expect to see Skyworks Solutions, Avago Technologies, NXP Semiconductors and ARM Holdings all go up. Finally, Cramer says even after this run, Apple remains a very inexpensive stock. The company said Tuesday it sold 74.5 million iPhones in its holiday quarter, helping Apple to bring in record profits of $18 billion. Revenue in China was up 70% from the same period a year ago.