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-