Cramer on Stewart: Was Important to Say AT&T and Verizon Disliked iPhone, Wouldn't be Ready for Macworld

In one of the most remarkable inside-media interviews in recent memory, CNBC's Jim Cramer sat down with the Daily Show's Jon Stewart, and was made manifest for his network and industry's failures (according to Stewart) to properly fulfill their mandate as the 5th estate and pillar of democratic systems, and expose for their audiences the lies and deceptions that those in positions of power would perpetrate on them (and us).

What does this have to do with Apple and the iPhone, however? In one of the clips shown from 2006, Cramer specifically mentions how it is "very important" to "spread the rumor" that both AT&T and Verizon don't like the iPhone, and that it wouldn't be ready by Macworld.

Why? We're not financial wizards by any stretch of the imagination, but it sounds like it was to manipulate Apple's stock down. Given the rumors that did, and still do surround Apple, Steve Jobs, the iPhone, and technology in general, this really just affirms what most of us have likely long suspected.

US readers can catch it via the Daily Show website. Canadians can watch it on If you have a link to other regions/locations for the video, please do drop them in the comments. And maybe we can all keep in mind just how some rumors come to be, especially as we approach iPhone OS 3.0 and hardware 2,1.

Have something to say about this story? Leave a comment! Need help with something else? Ask in our forums!

Rene Ritchie

EiC of iMore, EP of Mobile Nations, Apple analyst, co-host of Debug, Iterate, Vector, Review, and MacBreak Weekly podcasts. Cook, grappler, photon wrangler. Follow him on Twitter and Google+.

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Reader comments

Cramer on Stewart: Was Important to Say AT&T and Verizon Disliked iPhone, Wouldn't be Ready for Macworld

7 Comments blocks other countries? I can watch the shows in Germany just fine ... and it is crazy what the business networks do to those who watch them ...

This is big news on all the Apple news sites and blogs, but is anyone really surprised by this? I guess it's just hearing someone say it I guess it hits home.

Biggest tool ever and Stewart layed the smack down on him......twice! Good luck with your career Jim, you're going to need it. On the other hand it seems like he's been for sale for awhile so maybe he's stashed enough cash

5th estate is media which sees itself in opposition to mainstream, like Stewart. :)
Might have been too obscure :/

The Cramer video clip was not from CNBC, but rather an internet clip filmed around end of 2006 for site. In it, Cramer was using the Apple rumors as an example of how hedge fund traders can move stocks in the more thinly traded premarket session by spreading rumors.
Cramer did look pathetic with his lack of rebuttals to Stewart's attacks.