"My position has not changed: you should sit tight and own this stock, not try and trade it," the "Mad Money" host said.
Apple CEO Tim Cook made headlines recently when he estimated that Apple's service stream revenue could become as big as a Fortune 100 company next year. Apple clearly does not get enough attention for its powerful service revenue. But its cash hoard impressed Cramer more.
Even a $580 billion company has many channels to use that money. Cramer has said for years that Apple should make a big acquisition, or multiple big acquisitions, to reignite its growth rate and make investors fall in love with its stock all over again.
"I've got a terrific new merger idea that would seriously benefit both Apple and the takeover target in question. Not that either company has to do it, but it sure would make a lot of sense," Cramer said.