Apple shares closed at $126.96 on Monday. This stock is trading in a short-term lateral process, finding support at the current lows located around $125.00-123.30, and within the 38.2% Fibonacci of the entire latest rally that began earlier this year.
In a January earnings call with investors, Apple Inc. Chief Executive Tim Cook made a confident prediction: "2015 will be the year of Apple Pay," he said. Since then, the company has aggressively courted retailers -- and claimed significant success.
Swedish telecom equipment maker Ericsson has filed lawsuits in Germany, Britain and the Netherlands against Apple over technology license payments, Ericsson said on Friday, extending a U.S. battle between the firms to Europe.