Here's why Cramer says he's had it with analysts after Apple's earnings call

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Apple conference call was 'dripping with contempt': Cramer

Jim Cramer and the "Squawk on the Street" crew discuss Apple's earnings conference call.

Apple conference call was 'dripping with contempt': Cramer
Apple conference call was 'dripping with contempt': Cramer 11 Hours Ago | 02:18

CNBC's Jim Cramer exclaimed he's had enough of analysts on Wednesday after he said Apple CEO Tim Cook was disrespected on his company's conference call.

"There was, without a doubt, contempt [during the] conference call," Cramer said on "Squawk on the Street."

Cramer referenced an instance during the Q&A portion of the call when Wall Street Analyst at USB Steve Milonovich told Cook that some investors are "antsy" that the company hasn't acquired new profit tools.

Milonovich asked Cook if Apple "today [has] a grand strategy" for what it wants to do in the next three to five years.

Cook replied saying, "We have the strongest pipeline that we've ever had, and we're really confident about the things in it, but as usual, we're not going to talk about what's in it."

On Tuesday, Apple posted quarterly earnings that beat analysts' expectations. Its revenue was in line with estimates. The results marked the third-straight quarter where the company posted a year-over-year revenue decline.

Cramer said the conference call was a "tag team" and said that analysts neglected to ask important questions such as the company's service revenue stream.

— CNBC's Anita Balakrishnan contributed to this report.

Disclosure: Jim Cramer's charitable trust owns shares of Apple.


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