AAPL Stock Weekly Outlook: Apple to establish presence in India, Intel wants in on next iPhone and more

Last week was a relatively flat week for Apple stock (NASDAQ: AAPL), as the share price fluctuated between $112.75 and $109.56, ultimately closing the week at $111.04 after opening on Monday at $112.73. The volume was low as well, reaching a high of 44.3 million during trading on Wednesday. Trading could pick up this week as the FY 15 fourth quarter results call approaches (Tuesday, Oct. 27th 5 p.m. ET).

There were a few items of note last week. On Friday a jury ordered Apple to pay $234 million to the University of Wisconsin after finding the company guilty of patent infringement. The Wisconsin Alumni Research Association (WARF), which originally sought $400 million in damages, claimed that Apple had used some of its microprocessor technology in its iPhones and iPads without permission. Apple said it would appeal the decision.

Intel wants to be part of the supply chain for Apple's 2016 iPhone. Apple is reportedly working on its own system-on-a-chip (SOC) that would include both the company's Ax chip and an LTE modem. Intel wants its 7360 LTE modem chip to be on the SOC and is pushing hard to make that happen. The company views it as a "must-win" and reportedly has assigned over a thousand employees to the project.

The largest Apple Store in the world is set to open in Dubai on October 29th. The 50,000 square foot retail space will be located in the Mall of the Emirates. A second store will open on the same date in Abu Dhabi. These will be Apple's first retail spots in the United Arab Emirates, one of the wealthiest countries in the world.

Apple is also moving to establish a retail presence in India. The company has partnered with Indian electronics chain Croma, to launch six store-within-a-store locations in Mumbai and Bangalore to finally get its foot in the door of one of the world's fastest growing markets.

Apple Pay added 29 new financial institutions to its roster on Tuesday, including brokerage firm Scottrade. Apple Pay is now affiliated with over 500 banks and credit unions.