https://www.cnbc.com/2018/08/02/cramer-apple-1-trillion-market-value-reflects-wall-street-catch-up.html > CNBC's Jim Cramer said on Thursday Apple hitting a $1 trillion market value reflects the company's transition to being recognized as a consumer products maker that just happens to be great at technology. > To that end, Cramer said, Apple stock needs to trade at higher price-to-earnings multiple, because 17 times year-end earnings estimates is too low.