AAPL Financial News Weekly Roundup: Apple to Join Dow Jones, iPhone 6 Demand Still Ahead of Supply and More

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.

Apple to join Dow Jones Industrial Average.

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-

Apple Watch Has 'Water Resistance Rating of IPX7 Under IEC Standard'

We now have the final word on the water resistant rating of the Apple Watch thanks to the Watch design page of the online Apple store. The fine print located on the bottom of the page reads, "Apple Watch is splash and water resistant but not waterproof." It also says the watch has a "water resistance rating of IPX7 under IEC standard 60529".

Apple Watch Water Resistant

This means it is safe to wear your watch when washing your hands or out in the rain but you should avoid fully submerging it in water. Apple also warns that its leather bands "are not water resistant."

Apple Watch Release Date and Pricing Announced

Apple today announced the final details about the Apple Watch at a special media event held at the Yerba Buena Center for the Performing Arts in San Francisco, California. Pre-orders for all three Apple Watch collections will open on April 10, 2015 and will begin shipping on April 24. The Apple Watch Sport will retail for $349 for the 39mm model and $399 for the 42mm. The standard Apple Watch model will start at $549 and the gold Edition model will start at $10,000.

Apple Watch Pre-Order

Apple CEO Tim Cook also announced that the watch will have an “all day battery life," "Hey, Siri" support and that iOS 8.2 will be available today. Cook said Apple Watch users can "expect 18 hours" of battery life from their watch during a "typical day". The "Hey, Siri" feature on the Apple Watch will also only work when you raise your wrist to preserve battery power.

New iOS Apps, Games and JB Tweaks of the Week: Hearthstone Blackrock Mountain and More

Blizzard will begin accepting pre-orders for its next Hearthstone adventure titled "Blackrock Mountain" on March 19. The single player campaign will be laid out like Curse of Naxxramas where players can buy entry into individual wings for 700 in-game gold or $6.99 USD. Players will also be able to unlock the entire campaign for $24.99. Blackrock Mountain will include 31 new Hearthstone cards and an exclusive card back for those who pre-order. You can learn more about Blackrock Mountain here.

Blizzard also previewed some images of the upcoming iPhone version of Hearthstone at PAX East, but the company did not reveal any new details about the game.

iOS App of the Week: Prison Life RPG

Prison Life RPG is the type of title hardcore gamers say they want for iOS devices but ignore because it looks like a freemium game disguised as a premium title. First let me say that the game features no in-app purchases or timers. All 100 playable prisoners and items in the game can be unlocked without spending any additional real world money. This is the type of game that people who hate freemium titles should support and it is worth every penny if you enjoy simulation / survival titles.

Prison Life RPG

In Prison Life RPG you must bribe, fight, and charm your way through daily prison life until your are paroled or hatch an escape plan. This is easier said than done as there are a lot of factors you have to consider. To survive you need to keep your Happiness, Energy and Health levels from dropping to zero. There are a lot of ways to stay healthy but there are also a lot of hazards that will make you sick or unhappy. You begin each day in the yard where you can mingle with other inmates to try and build relationships, buy items from various shops and play games like chess or basketball if you have the required skill.

WatchAware Creates Interactive Apple Watch App Previews

From the creators of AppAware, WatchAware is a site dedicated to all things Apple Watch. Their latest feature provides an interactive glimpse of many apps that will be available on Apple's soon to be released wearable. It gives you a good idea of how many popular apps, including Twitter and Facebook, will operate and appear on the Apple Watch display.

Preview Apple Watch apps at WatchAware.

The previews include a brief description of each app and, varying by the app, one to three buttons: App, Glance and Notification. Clicking on App will show you an animated preview showing the app's various screens. Glance will show you one screenshot of the app and Notification, as you might have guessed, will

Rumor: iPhone 6s to Feature 2GB of RAM and Apple SIM

Normally this time of year is filled with next-generation iPhone rumors, but anticipation for the Apple Watch has pushed interest in Apple's iPhone refresh to the back burner. The few "iPhone 6s" rumors that have surfaced have mostly come from AppleInsider, who today reported that the next iPhone will ship with 2GB of RAM and possibly a pre-installed Apple SIM.

iPhone 6s

A unnamed "reliable" source claims that the next-generation iPhone lineup will be upgraded from 1 gigabyte of RAM to 2 gigabytes. Apple fans had hoped that the larger iPhone 6 Plus would ship with more RAM when it was released in 2014, but Apple instead decided to expand the RAM embedded in the A8X chip found in the iPad Air 2. The last time the RAM of Apple's iPhone lineup was increased was in 2012 with the release of the iPhone 5.

Batman: Arkham Underworld Announced for iOS Devices

Turbine, the developer behind popular MMO titles such as The Lord of the Rings Online and Dungeons & Dragons Online, has announced it is developing a new game called Batman: Arkham Underworld for iOS devices. The official website describes the game as a "build your own base" title, which means it could be another freemium Clash of Clans clone. In the game, players will be able to recruit and train an army of henchmen from the pages of DC Comics to eventually take down Batman.

Batman: Arkham Underworld

The game will be a sort of mobile tie-in to the highly anticipated Batman: Arkham Knight title coming to the PS4, Xbox One and PC in June. Besides being able to "command iconic super-villains from the Batman: Arkham universe," and defending your base from raids, little else is known about the game. No release date has been announced, but Batman: Arkham Knight officially launches on June 2, 2015. You can sign up for the game's beta on the official website.

Sprint Offers iPhone with Unlimited Data for $65

Wireless carrier Sprint Corporation launched the new Best Buy One Plan nationwide on March 1. The program is described as an "industry-first, all inclusive plan" that offers unlimited voice calling, messaging, data, and a "whole new way to get a wireless phone". Not surprisingly, Sprint's Best Buy One is exclusively available at Best Buy retail outlets.

Sprint unlimited iPhone data

Customers can get the unlimited data plan along with top smartphones for no money down and no sales tax at the time of purchase. The program works by leasing the hardware for a fixed monthly price, which is rolled into the total plan cost. This means with a two-year contract Sprint subscribers can lease the 16GB iPhone 6 along with unlimited data, voice calling and messaging for a total of $65 per month plus taxes and fees.

AAPL Financial News Weekly Roundup: Market Cap Doubles Exxon's, Bearish Targets and More

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.

Apple Store in Berlin.

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


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