"To me, once again, the exceedingly profitable revenue stream is the one to watch, and it is still being relatively ignored, despite its 24 percent growth to $6.3 billion, and despite the naysayers' comments," the "Mad Money" host said.
After reviewing the quarter, Cramer gave his usual mantra to own Apple, don't trade it. Apple's stock jumped far in advance of earnings, partially because of Samsung's issue with the Galaxy Note 7 phone that left room for Apple to take share in the industry.
While Apple's revenue came in line with estimates and earnings beat analyst expectations with better than expected iPhone sales, it was the third straight quarter with a year-over-year decline in revenue.
Last year, comparable sales were $51.5 billion, versus $46.9 billion this quarter. Shares fell more than 2 percent in after-hours trading in response.