While Wall Street reacted to the Federal Reserve’s latest statement about interest rates and the economy, Cramer urged investors to focus on something not tethered to a US recovery: the mobile Internet.
“This trend is bigger than the Fed,” the Mad Money host said, “because it’s not domestic.”
There is speculation that China Unicom ordered 5 million Apple iPhones, Cramer said. The order, which is close to the total units sold here in the States last quarter, is related to China’s $40 billion wireless infrastructure build-out.
Right now Apple controls just 3% of the overall phone market, Cramer said, but is nearing a 40% share in smartphones. The adoption of these do-it-all gadgets is a game-changing trend similar to the advent of the PC, and he expects multiyear gains from the related stocks.
“This is a very big move,” Cramer said.