iPad Pro

Apple (NASDAQ:AAPL) opened the week at $101.90 and continued its climb, peaking midday Thursday at $106.34. After slipping on Friday, Apple stock closed the week at $105.92 for a gain of $4.02 (+3.95%) over the five-day period. There is much anticipation for new product releases at today's media event, especially for the iPhone SE. This update to Apple's 4-inch iPhone is expected to boost iPhone sales around the globe. More headlines in the world of AAPL follow below.

New week, new jailbreak tool. Pangu has actually released a fresh jailbreak, however it's only for iOS 9.1 devices. This fact may have tempered the initial excitement but to make up for it, Apple has confirmed its March 21 special media event. The company has many special announcements up its sleeve for that week, including updated hardware and several firmware releases for existing devices. Here are some news highlights from the past week.

Apple's rumored March keynote has been pushed back to March 21st, one day before Apple is scheduled to argue their case against the FBI in the San Bernardino terrorists iPhone dispute. The alleged date change from March 15th to the end of March was originally reported by the well connected John Paczkowski of Buzzfeed.

Paczkowski claims Apple will unveil the iPhone SE and 9.7-inch iPad Pro at a small event to be held at the company's Town Hall in Cupertino, California. The iPhone SE is a new 4-inch handset, which will be powered by a faster processor and ship with Apple Pay. The last 4-inch Apple device released was the iPhone 5s in 2013. Apple increased the display size of its iPhone lineup to 4.7- and 5.5-inches with the release of the iPhone 6 and 6 Plus the following year. The iPhone SE will replace the iPhone 5s in Apple's current lineup ahead of the iPhone 7 launch later this year.

Lightroom users can enjoy several enhancements and new features in the latest version of the mobile app. Adobe Photoshop Lightroom for iPhone version 2.1 is now available on the App Store. The update brings iOS 9 and iPad Pro compatibility to the table, as well as several new ways to capture and adjust images on the go. Photographers can also use Lightroom for mobile to share pictures, and with a Creative Cloud membership even more features can be unlocked.

The iPad Pro is a reality. With a 12.9-inch oxide TFT display and a resolution of 2732 x 2048 pixels, the iOS software keyboard will appear full sized. A 64-bit A9X processor promises faster-than-desktop class performance, a full 22 times faster than the original iPad.