Apple's WWDC 2024 Kicks Off Today: What To Watch For
Apple's annual Worldwide Developers Conference begins today and runs through Thursday. Here's what you can expect to see from the tech giant.
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
To continue reading this article
please register for free
This is different from signing in to your print subscription
Why am I seeing this? Find out more here
Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
Best Amazon Prime Day Early Deals
Check out these early deals on everything from tech and clothing to household items and kitchen gadgets now before Amazon Prime Day 2024 drops
By Kathryn Pomroy Published
-
Southwest Business Card Launches $1,800 Bonus Offer
This is the best Southwest business card offer we've seen yet. New cardholders earn 120,000 bonus Rapid Rewards points, worth about $1,800.
By Ellen Kennedy Published
-
Stock Market Today: Stocks Give Up Gains Even as Inflation Ebbs
The main indexes closed lower Friday but ended the first half with impressive gains.
By Karee Venema Published
-
Nokia to Acquire Infinera in $2.3 Billion Deal: What to Know
Nokia will acquire Infinera as it looks to expand its optical-networking presence. Here's what you need to know.
By Joey Solitro Published
-
Trump Media & Technology Stock Stays Volatile After Debate
Trump Media & Technology stock has traded erratically in recent months and last night's presidential debate sparked more volatility in DJT shares.
By Joey Solitro Published
-
Nike Stock Sinks on Dismal Sales Forecast: What to Know
Nike stock is spiraling Friday after the athletic and apparel retailer missed sales estimates for its most recent quarter and lowered its outlook for its new fiscal year.
By Joey Solitro Published
-
Stock Market Today: Stocks End Higher Ahead of May PCE Data
Micron Technology, Walgreens Boots Alliance and Levi's were three of Thursday's biggest movers.
By Karee Venema Published
-
How to Find the Best Small-Cap Stocks to Buy
Wall Street's best small-cap stocks to buy include biotech, real estate and industrials names.
By Dan Burrows Published
-
Levi Strauss Stock Spirals on Revenue Miss: What to Know
Levi Strauss stock is lower Thursday after the denim company's top line missed estimates amid a "cautious" consumer environment.
By Joey Solitro Published
-
Walgreens Stock Hits 27-Year Low After Massive Earnings Miss
Walgreens Boots Alliance stock is tanking Thursday the pharmacy retailer came up short of earnings expectations and slashed its full-year outlook. Here's what you need to know.
By Joey Solitro Published