Apple's (AAPL) Worldwide Developers Conference (WWDC) kicks off today and runs through Thursday. The annual event is expected to bring several major announcements from the tech giant, including news on its generative artificial intelligence (GenAI) initiatives.
WWDC is aimed at developers that create applications and software for Apple products. The yearly event is held to showcase Apple's largest software and technologies, which is done through keynote presentations and developer-focused sessions on its operating systems. Apple often makes product announcements during the event as well, including new lines of MacBooks and Mac Pros in recent years.
The WWDC 2024 event began this afternoon with a keynote by CEO Tim Cook. You can watch what's happening on Apple's YouTube channel.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
For WWDC 2024, technology information website Tom's Guide is watching for five announcements in particular – iOS 18, a GenAI upgrade to Siri, iPadOS 18, watchOS 11 and tvOS 18.
Technology blog TechRadar has similar expectations. Included in the things it is looking for are a smarter keyboard and battery management for the iPhone, as well as a more advanced iPad operating system and a more intuitive Siri.
For updates on WWDC 2024, you can follow Tom's Guide's live blog or TechRadar's live blog.
Is Apple stock a buy, sell or hold?
Ahead of what many experts believe to be the most important WWDC for Apple in some time, analysts are overwhelmingly bullish toward the Dow Jones stock.
According to S&P Global Market Intelligence, the consensus analyst target price for AAPL stock is $205.41, representing implied upside of about 5% to current levels. Additionally, the consensus recommendation is Buy.
Financial service firm Wedbush is one of the most bullish outfits on the blue chip stock with a Buy rating and a Street-high $275 price target.
This is a key event for Apple "as the pressure to bring a generative AI stack of technology for developers and consumers is front and center with Cook & Co. set to make history for Cupertino," says Wedbush analyst Daniel Ives. "We believe AI technology being introduced into the Apple ecosystem will bring ample monetization opportunities on both the services as well as iPhone and hardware front."
The analyst also believes these AI initiatives will add "$30 to $40 per share to the Cupertino growth story as the vision starts to play out within the golden installed base of 2.2 billion iOS devices."
Related Content
-
What Wall Street's CEOs Are Saying About Trump's TariffsWe're in the thick of earnings season and corporate America has plenty to say about the Trump administration's trade policy.
-
The Role of the U.S. Dollar in Retirement: Is It Secure?Protect your retirement from de-dollarization, because “capital always goes where it is treated best."
-
What Wall Street's CEOs Are Saying About Trump's Tariffs
We're in the thick of earnings season and corporate America has plenty to say about the Trump administration's trade policy.
-
To Stay on Track for Retirement, Consider Doing ThisWriting down your retirement and income plan in an investment policy statement can help you resist letting a bear market upend your retirement.
-
How to Make Changing Interest Rates Work for Your RetirementHigher (or lower) rates can be painful in some ways and helpful in others. The key is being prepared to take advantage of the situation.
-
When to Sell Your StockKnowing when to sell a stock is a major decision investors must make. While there's no one correct answer, we look at some best practices here.
-
Within Five Years of Retirement? Five Things to Do NowIf you're retiring in the next five years, your to-do list should contain some financial planning and, according to current retirees, a few life goals, too.
-
The Home Stretch: Seven Essential Steps for Pre-RetireesThe decade before retirement is the home stretch in the race to quit work — but there are crucial financial decisions to make before you reach the finish line.
-
Stock Market Today: Great Power Affairs Mesmerize MarketsThe U.S. and China are at least talking about talking about tariffs, and investors, traders and speculators are showing a little less fear.
-
Three Options for Retirees With Concentrated Stock PositionsIf a significant chunk of your portfolio is tied up in a single stock, you'll need to make sure it won't disrupt your retirement and legacy goals. Here's how.
