Apple (NASDAQ: AAPL) shares lost just under 3% last week, opening Monday at $128.37 and closing Friday at $124.75. The high of $128.57 was reached on Monday. As of this writing, share prices appear to be rallying a bit and are up about 2.2% at $127.46.
Apple Watch preorders continued last week and KGI analyst Ming-Chi Kuo, in a note to investors, wrote that he expects preorders to top 2.3 million. Production has been slowed, he said, due to manufacturing difficulties involving the haptic motor and the AMOLED display. Nevertheless, he believes that Apple Watch will sell 15 to 20 million units in 2015, which agrees with a Reuters poll last week that found about