AAPL

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-

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.

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

Apple (NASDAQ: AAPL) stocks once again closed the week at a record high. Share prices opened the week on Tuesday (due to President's Day) at $127.49 and closed on Friday at $129.50. The most exciting news of last week, though Apple has not officially commented on it, is the company's foray into the automobile industry. What started as far-fetched speculation after a spate of mysterious minivan sightings and an email from an unnamed Apple employee claiming that Apple would "give Tesla a run for its money," now appears to be reality.

The Wall Street Journal did some digging and found that Apple does have an automotive related top secret project codenamed "Titan," and further investigation by Bloomberg indicates that Apple wants to have an electric car on the market by 2020.

Clearly this is big news for Apple investors, and may even be a calculated leak to keep interest high in future product categories. This has huge potential, even if

Apple (NASDAQ: AAPL) shares hit record highs on almost every day last week, and closed Friday at a record $127.08. Tuesday's $122.02 close brought Apple's market capitalization to nearly $711 billion, making it the first U.S. company to surpass a $700 billion market cap. That's over twice Microsoft's $350 billion valuation and not quite twice that of Google's $365 billion.

Analysts and investors alike were bullish, and continued the trend of raising Apple shares' target price. Analyst Keith Bachman of BMO Capital Markets raised his target price from $130 to $135, speculating that there are still a lot of iPhone owners who have not yet, but will upgrade to the iPhone 6, and that the Apple Watch will sell 19 million units in 2015. Canaccord Genuity raised its

Apple (NASDAQ: AAPL) share prices rose slightly over the course of last week. They opened Monday at $118.06 and closed Friday at $118.93. They also hit an all time high of $120.51 on Wednesday. Of note this week, all shareholders of record as of today (2/9/15) will receive a dividend of $0.47 per share, payable this Thursday, February 12. The dividend payout will be a record $2.8 billion.

Other notable items last week:

Data released by Kanter Worldpanel last Wednesday showed that iOS devices edged out Android devices in sales by .1% in the fourth quarter (47.7% to 47.6%). This is the first time since the fourth quarter of 2012 that iOS has held more market share than Android.