The two discussed Apple's just announced ResearchKit with Cook noting that Stanford researchers had over 11,000 signups for their cardiovascular disease study in less than 24 hours. It would have taken 50 medical centers an entire year to sign up that many people. "Research kit is an absolute gamechanger," Cook said.
Cramer also talked to Cook about Apple Pay saying he believes it will be a gamechanger in the retail sector. "I totally think you're right. You said last year that it would take the country by storm, and it is doing it. We've already got 700,000 locations accepting Apple Pay," Cook noted.
Cramer has encouraged investors to own Apple not trade it, declaring it a cheap stock with a strong balance sheet. He asks Cook, "Do you think eventually people will understand what I'm talking about". Cook said he thinks eventually people will. "For people that have owned the stock for 10 years, our stock price 10 years ago when you started 'Mad Money' was less than $6 on a split adjusted bases. So you can bet those people are extremely happy right now."
Interestingly, when Cook is asked about whether or not he thinks about the competition, he replied, "We're always paranoid, we live paranoid, and we always want the very best products and so if we're not beating someone else we're trying to beat the thing that we have currently shipping. Everyone here lives on edge."
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