Cramer Pins Apple Stock Bounce on Foldable Phone, Not Smart Home

Jim Cramer is urging investors to buy Apple Inc. (AAPL) shares due to the strength of its new foldable phone, the iPhone Duo.

The CNBC host described the device as 'AMAZING,' and emphasized that his bullish call for the stock is specifically tied to the Duo, not Apple's other major product expected to be unveiled this month, a smart home control center codenamed J490.

Pre-orders for the iPhone Duo are scheduled to open on October 16, with the device becoming available in U.S. stores on October 23 at a base price of $1,999.

Cramer's comments come as Apple prepares to host a separate event on October 13 to showcase its smart home offerings, including the new control center and software enhancements for existing home products.