Jim Kramer here to share with you a sample of my take on the market from today's

CNBC Investing Club warning meeting.

We did have Apple's WWDC conference, yesterday Worldwide Developers Conference.

Nothing really game-changing as we thought. Just a lot of design improvements.

Okay, I'm going to take the other side of that.

Okay. I think that

when, that if you look at it, it's probably going to look a little better, a little different,

but you're not going to switch to another provider. If you want to upgrade, I think you'll go

to the 17. The stock's down very badly. I do think that the downgrades are late. I know that there are really some great short sellers there. I think you go down as low as 190, but I think that's about it. I thought it would be down one. Yeah, I know you keep bringing up the point, too. Maybe they should go out and buy one of these large language models like perplexity, get that integrated into the phone, really soup up the AI features. I'm getting skeptical about the buyback. What's it doing? I mean, look, you had a buyback, keep buying back stock, the stocks down 20%. Why don't you do something with the cash? There's a better use of capital. Yeah. Fair? That's a fair point. I'm question the capital allocation. That's all I'm question. Yeah. No, I think that's fair. Certainly AI is thought about of what we really need to see a better enhancement there in order to get people to upgrade their phones. They didn't mention Siri. You know, in the coming year, they said, we'll see what that means later. But this is a major focus for me because everyone's written the stock off. Now, the short seller I deal with, I do, I don't talk the short sense, but I happen to be short, was giving me, look, don't forget, it's overvalued on a multiple basis, like 25. I don't forget that there's going to be a pull-through and people are going to ignore that. And I said, wait a second, people aren't going to ignore a pull-through. They're going to say, wow, they're doing well. So just beware. I think there's 10 points downside and that's really bad. Join the CMEC Investing Club with Jim Kramer to catch my member exclusive morning minis every day at 1020 a.m.

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