The week was full of announcements, official and unofficial, regarding Apple Inc.’s (NASDAQ:AAPL) upcoming products and services, both positive and negative. The overall trade off was balanced, and hence the stock price only slightly improved in the week.
The first news was a rumor regarding the iPad Pro, and stated that Apple Inc. was developing a special stylus for its upcoming device. The stylus, reportedly, would allow users to make 3D handwriting on their iPad Pro device. Some new features of the upcoming device were released as well in multiple reports, which also said that the upcoming iPad Pro would be around 12.2”-12.9” in size.
It was also reported that Apple Inc. is now focusing on the software aspect of its devices, and easing into the 64-bit realm. Previously, all Apple software was designed for the 32-bit system architecture, which is a slower software realm compared to the 64-bit architecture system.
Speculations were also made about the selling value of the Apple Watch, and whether the device is worth the $349 price tag. The debate was left open by industry experts until the device is launched in the month of March.
Stock position throughout the week
Apple’s stock did not trade on the 19th of January 2015 as the stock market remained closed during the day. Hence, trading for the week began the next day i.e. 20th January 2015.
On the 20th of this month, Apple Inc. stock opened at the value of 107.84, which was a value almost two points higher than the one the stock had closed on the previous trading day. The stock initially showed some weakness, dropping in value almost instantaneously as soon as the day opened and visiting its lowest point at 106.50. However, the stock recovered in the latter half of the trading time, and surpassed its opening value to reach the day’s highest at 108.97. Dropping just slightly after that, the stock value stopped at the value of 108.72 as the trading day came to a close.
The next day Apple Inc. stock opened to the value of 108.95, slightly higher than the value they had closed the day before. Initially, the stock performed really well, and reached the day’s highest point at the value of 111.06, almost two points higher than the opening value. However, then the value of the stock dropped to 108.27, and then slightly improved to the value of 109.55 before the trading day closed.
22nd January 2015 was the best performing day of the week, as the stock opened almost a point above the closing value of the previous day, at 110.26. Initially the value dropped to 109.72, which was the day’s lowest point. However the stock improved and reached the day’s highest point at 112.47 and closed at the value of 112.40 at day’s end.
The last day of the week, 23rd January 2015, opened at the value of 112.30, slightly lower than last day’s closing. The highest point of the day was achieved in the first half of the trading day, at 113.75. However, the value dropped 2 points in the second half of the day to 111.53. But, the value improved before the day ended and the stock closed at 112.98.