'Obviously what's happened in the last 18 months ... is it's become much more of a subscription stock,' CNBC's Jim Cramer says.
"A lot of people gave up on the stock because they just viewed it as a handset company," said Cramer, whose charitable trust owns shares of Apple.
Apple shares were 5% higher Wednesday, reclaiming its spot as the most valuable company by market cap, after the company late Tuesdaythat exceeded Wall Street's expectations. The company's services business, which includes products like iCloud, Apple Music, and AppleCare warranties, made $11.45 billion, up 16% from the same time last year.
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