The opportunities are few and far between in this sector as a result of shifting consumer demand, Cramer said.
Cramer said that this major turning point for the tech giant could drive the stock price significantly higher.
Although it has been almost all bad news for retailers this summer, several names stand out from the pack and are set to go higher, CNBC's Jim Cramer says.
With Puerto Rico unable to pay its $72 billion debt, investors worry whether bond insurers can cover a looming default.
CNBC's Jim Cramer explains why the Puerto Rico situation is more important than Greece or China.
Apple's foray into music streaming could be the precursor to TV streaming to come out later this year, said an analyst on Tuesday.
Jean-Claude Trichet doesn't foresee a euro collapse despite big currency swings after failed Greek debt talks.
Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.
Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.
Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."
“Squawk on the Street” Co-Anchor
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.