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
-
Dow Jones Adds 463 Points as Rate-Cut Odds Rise: Stock Market TodaySome futures traders are now pricing in the possibility of a jumbo rate cut in September, which lifted stocks today.
-
Bullish IPO: Should You Buy BLSH Stock?Wall Street is buzzing about the Bullish IPO. The Peter Thiel-backed crypto company went public on August 13, and BLSH stock nearly doubled in its market debut.
-
Dow Jones Adds 463 Points as Rate-Cut Odds Rise: Stock Market Today
Some futures traders are now pricing in the possibility of a jumbo rate cut in September, which lifted stocks today.
-
Bullish IPO: Should You Buy BLSH Stock?
Wall Street is buzzing about the Bullish IPO. The Peter Thiel-backed crypto company went public on August 13, and BLSH stock nearly doubled in its market debut.
-
How to Build Your Financial Legacy Three Piggy Banks at a TimeA wealth adviser shares a childhood saving technique that taught him lessons of stewardship, generosity and responsibility and helped him answer the question we all need to answer to define our lives by impact rather than greed: 'What is this all for?'
-
Which of These Four Withdrawal Strategies Is Right for You?Your retirement savings may need to last 30 years or more, so don't pick a withdrawal strategy without considering all the options. Here are four to explore.
-
July CPI Report Ignites a Risk-On Rally: Stock Market TodayMarket participants price out worst-case scenarios for tariffs and inflation and will now turn their attention to employment and growth.
-
July CPI Report Boosts Rate-Cut Odds: What the Experts SayThe July CPI report shows that tariffs are having a slight impact on inflation, though not enough to keep the Fed from cutting interest rates.
-
DST Exit Strategies: An Expert Guide to What Happens When the Trust SellsUnderstanding the endgame: How Delaware statutory trust dispositions work, what investors can expect and why the exit is probably more important than the entrance.
-
Think Selling Your Home 'As Is' Means You'll Have No Worries? Think AgainThere are significant risks and legal obligations involved in selling a home 'as is' and by yourself, without a real estate agent.
