Apple just obtained the holy trinity of tech plays, CNBC's Jim Cramer said Tuesday.
"Apple is a cloud play," Cramer said on "Squawk on the Street." "Apple is a social play. Apple is a mobile play. That's what's needed—the trinity."
Cramer's comments came as Apple announced an acquisition of social media research company Topsy, and UBS upgraded the tech company's stock to a "buy" from "neutral." Cramer said UBS' price target of $650 per share was not a reach.
The upgrade also comes as Fortune.com reported that Apple seems closer to reaching an iPhone distribution deal with China Mobile, the world's biggest wireless carrier.
(Read more: China Mobile drops hint of long-awaited Apple deal)