AAPL Financial News Weekly Roundup: Apple Car Could Generate Huge Revenue, Trade with Cuba and More
Submitted by Jon Reed on
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



