However, Cramer has seen in the past that analysts frequently make these calls based on weak supply chain data or negative channel checks. This kind of data will prompt investors to dump the stock, and then buy it back later when it turns out that the story was wrong or the narrative changes.
"In short, judging Apple based on these channel checks from its suppliers tends to be a mistake," Cramer said. (Tweet This)
The reason Cramer found this channel check to be so hard to swallow is that Wall Street just heard from three crucial Apple cell phone suppliers — Cirrus Logic, Qorvo and Skyworks Solutions — and each indicated business is still strong.
Cramer did take into consideration that no company is allowed to talk about Apple specifically. Yet, he knows from body language that the company executives were talking about Apple when they cited robust orders.
But, to believe this negative Credit Suisse report would mean that there has been a dramatic decline in iPhone orders in the last 10 days since these companies reported, or that all three companies are dissembling.
Read more from Mad Money with Jim Cramer
Cramer Remix: The party is over for this stock
Cramer: Stop trading Horizon like a mini-Valeant
Cramer's rate hike reality check—Get used to pain!
"Call me incredulous. I just don't think that is the case," Cramer said.
Ultimately, Cramer is unwavering in his view that Apple's stock should be owned, not traded. While the field work from Credit Suisse is certainly powerful, Cramer knows from many calls based on similar research have historically been wrong.
So, while many investors may choose to sell Apple, Cramer warned that they may not be able to buy the stock back at lower levels if this report turns out to be a false read.
"I say, why not just hold Apple through this decline and recognize just how wrong this kind of trading call has been during one of the greatest multiyear stock rallies in history," Cramer added. (Tweet This)