Apple Stock

Apple stock (NASDAQ: AAPL) fell again, losing about 3% over the course of last week. Share prices opened the week at $127.12, reached a weekly high of $128.04 during trading on Tuesday and closed Friday at $123.25. Perhaps the slip is due to rumors over manufacturing woes facing the Apple Watch, though an industry source has told AppleInsider that the supply issues facing the Apple Watch are normal for any product about to go to market, and were expected and prepared for. The Watch will be available for pre-order and to try on at Apple Stores next Friday, April 10. If you can't wait that long, Belgian company, Underside, has developed an augmented reality app called ARWatch that lets you preview the Apple Watch.

Other news items of the week were mostly positive, nothing you'd think would contribute to a 3% slide:

According to Bloomberg, Apple, in partnership with Foxconn, is planning to bring its iPhone trade-in program to China. The same program in the U.S. has helped

Apple (NASDAQ: AAPL) stock prices didn't move much last week, gaining about 1.6% after opening Monday at $123.88 and closing Friday at $125.90. Shares reached a high of $129.25 on Thursday which, coincidentally, was the same day the company replaced AT&T on the Dow Jones Industrial Average.

The big news of last week, though not yet official, is that Apple is working on a subscription TV service that analysts believe will debut in the fall and offer a bundle of about 25 channels for a price in the $30 - $40 per month range. The

Apple (NASDAQ: AAPL) stock dropped slightly in value over the course of last week. Shares opened Monday at $129.25, reached a high of $129.56 on Wednesday, and closed Friday at $126.60. You won't be checking Apple's numbers on the NASDAQ for much longer, however, as the Cupertino giant will be replacing AT&T on the Dow Jones Industrial Average after trading on March 18th. The move was made to balance the information technology sector's weight in the index, which will drop a bit due to a Visa stock split.

Aside from that, there were several other noteworthy items last week:

UBS analyst Steve Milunovich, estimating that iPhone 6 demand will continue to outstrip supply in the March quarter, has raised his sales forecast from 55 million units to 58 million units. This would represent a whopping 33% year-

For the first time in several weeks, Apple (NASDAQ: AAPL) did not close the week at a record high. Share prices did close at a record $133.00 on Monday, but gradually slid for the rest of the week to close Friday at $128.46. Monday's 2.2% surge brought Apple's market capitalization to over $765 billion, more than twice that of Exxon's $374 billion cap. The last time the largest cap doubled the second largest was 30 years ago, when IBM took the top spot over Exxon. Apple is now a 30% jump away from becoming the world's first trillion dollar company.

Despite Apple's immense success, Germany's Berenberg Bank, a respected financial institution, lowered its target price to a shocking $60. Analyst Adnaan Ahmad believes that Apple is too reliant on the iPhone, which accounts for 70% of the company's revenues and 85% of its profit. Once the iPhone 6 market quiets down, he believes Apple will experience negative growth. He doesn't expect much from the Apple Watch either, but he does see potential for Apple

Apple (NASDAQ: AAPL) stocks once again closed the week at a record high. Share prices opened the week on Tuesday (due to President's Day) at $127.49 and closed on Friday at $129.50. The most exciting news of last week, though Apple has not officially commented on it, is the company's foray into the automobile industry. What started as far-fetched speculation after a spate of mysterious minivan sightings and an email from an unnamed Apple employee claiming that Apple would "give Tesla a run for its money," now appears to be reality.

The Wall Street Journal did some digging and found that Apple does have an automotive related top secret project codenamed "Titan," and further investigation by Bloomberg indicates that Apple wants to have an electric car on the market by 2020.

Clearly this is big news for Apple investors, and may even be a calculated leak to keep interest high in future product categories. This has huge potential, even if