Jim Cramer says Apple is still the ‘greatest stock of all time’

CNBC's Jim Cramer connected Monday said that investors should disregard antagonistic calls astir Apple and clasp onto their shares of the company.

"The adjacent clip you perceive this Apple mishegoss, you request to admit that you're inactive getting 1 much buying accidental successful what I see to beryllium the top banal of each time," helium said.

His comments travel aft Morgan Stanley estimated that the iPhone maker's App store nett gross tumbled a grounds 5% past month, citing a driblet successful gaming gross arsenic good arsenic inflationary and recessionary headwinds affecting discretionary spending.

Apple said successful July that it expects little than 12% maturation successful services successful the September 4th owed to the beardown dollar and macroeconomic headwinds.

Cramer said that the company's suite of products is excessively invaluable to customers for them to crook distant from Apple services. He acknowledged that determination are short-term concerns with Apple but maintained that investors shouldn't merchantability immoderate of their shares owed to antagonistic news.

"In the end, Apple has been a tremendous banal to ain and a unspeakable banal to trade," helium said.

Disclaimer: Cramer's Charitable Trust owns shares of Apple.