Apple's increased reliance on China led several analysts to raise price targets and upgrade the stock, as it continued to surpass analysts' expectations. The Cupertino, Calif.-based firm also announced it would hold its Worldwide Developers Conference (WWDC) on June 11, with a big focus on software. "We have a great WWDC planned this year and can't wait to share the latest news about iOS and OS X Mountain Lion with developers," said Philip Schiller, Apple's senior vice president of Worldwide Marketing, in a press release. "The iOS platform has created an entirely new industry with fantastic opportunities for developers across the country and around the world." Shares of Apple jumped 5.24% on the week to finish at $603.