AAPL Financial News Weekly Roundup: Share Prices Slip Again, Legere Sees a Bright Future for Wearables and More
Submitted by Jon Reed on
After regaining some ground during Christmas week, Apple (NASDAQ: AAPL) stock slipped again last week. The share price opened Monday at $113.91 and closed the week on Friday at $109.33. Prices fell again today, closing at $106.25. There doesn't seem to be anything in particular to warrant the recent drops. iPhone 6 demand is higher than ever and this should be a record breaking quarter, billionaire investor Carl Icahn still thinks Apple shares are dramatically undervalued and the Apple Watch launch is just around the corner.

Aside from Apple, T-Mobile CEO John Legere has high expectations for the Apple Watch. In fact, in a blog post last week, he wrote that the "Apple Watch will mark the tipping point when wearables go from niche to mainstream," and that the wearable market would go from $1 billion to $20 billion in the next few years. He also believes phablet sales will be up 50% in 2015.