https://www.cnbc.com/2017/12/19/cramer-apple-earnings-call-directly-contradicts-rare-downgrade-report.html

CNBC's Jim Cramer defended Apple on Tuesday, saying a recent rare downgrade report "directly contradicts" the tech giant's earnings call.

Apple shares fell about 1 percent Tuesday after Nomura Instinet lowered its rating on the companyto neutral from buy. Analyst Jeffrey Kvaal told clients "the stock's gains for the iPhone X supercycle are in the late innings."