Скачать или смотреть Apple will have a buyback and buy every share they can, says Jim Cramer

The "Squawk on the Street" team discuss the downward moves in Apple last week.

Apple's management may have botched the way it announced a change to its earnings reporting, but investors shouldn't give up on the company's stock, CNBC's Jim Cramer said Friday.

Shares of Apple slid 6.63 percent on Friday after falling in Thursday's after-hours trading. Wall Street analysts took issue with Apple's decision to stop issuing individual product results and the company's muted forecast, which was tied to timing issues related to its new iPhones.

But Cramer said he didn't blame Apple for its decision to stop breaking down its product results and reiterated his call to value the Cupertino-based giant as a consumer products company rather than a technology hardware provider.

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