Cramer said the Apple case is different from the government’s antitrust suit against Microsoft more than 20 years ago.
CNBC's Jim Cramer diminished the Justice Department's antitrust case against Apple, saying the iPhone maker is still a good stock to buy and own.
Prosecutors on Thursday accused Apple of having a"smartphone monopoly" with the iPhone, alleging the company makes it difficult and expensive for users and developers to leave the Apple ecosystem."The decision by the Justice Department to go against Apple will end up like any of the myriad analysts who've gone from buy to hold on Apple's stock during my time," he said.
But to Cramer, the DOJ hasn't found any"smoking guns" that implicate Apple is guilty. He said this case is different from, for example, the government's antitrust suit againstmore than 20 years ago. The PC maker did control the vast majority of the global market share at one point, Cramer conceded, but asserted the same is not true for Apple.
Cramer maintained that this lawsuit creates a buying opportunity for the stock. By close, Apple shares were down a little over 4%. Smaller climate startups face ‘valley of death' as funding freezes up. This VC just raised $325 million to help"I just got a whole brand spanking new reason to buy Apple, don't trade it," he said."I know a loser case when I see one, and the United States of America versus Apple is a loser."Cramer's Lighting Round: Stick with Capital OneDowntown LA
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