Apple: A Brief Summary On WWDC

Many people have been asking for a small roundup of what we can expect on Monday and how this will affect the stock. First a bit about WWDC (the World Wide Developers Conference).

The Apple Worldwide Developers Conference, commonly abbreviated WWDC, is a conference held annually in California by Apple Inc. The conference is primarily used by Apple to showcase its new software and technologies for developers, as well as offering hands-on labs and feedback sessions. The number of attendees usually varies between 2000 to 4200 developers; however, during WWDC 2007, Steve Jobs noted that there were over 5000 attendees. WWDC 2007 is the latest conference held at the Moscone Center in San Francisco, CA on June 11-15 of 2007. It took place from June 11 to June 15 in Moscone West, San Francisco with the keynote presentation hosted by Steve Jobs. Apple showed off a feature-complete beta of Mac OS v10.5 "Leopard", though its release date was pushed back to October. Jobs announced that Safari will now be available for Windows and announced support for third-party development for the then upcoming iPhone. Jobs also announced the launch date for the iPhone, which he was widely expected to do, as June 29, 2007.

WWDC 2008 will take place from June 9 to June 13 at Moscone West, San Francisco. Apple recently reported that, for the first time, this conference is sold out. There are three tracks for developers, iPhone, Mac, and IT. The rumor mill has been hard at work cranking out "news" upon news on what we can expect Apple to introduce this year. Some of the top items on the agenda include:

1.) iPhone 2.0
2.) iPhone with 3G capability
3.) GPS capability for the iPhone
4.) Video conferencing feature
5.) Possible smaller sized versions of the iPhone
6.) Solar powered iPhone/iPods (unlikely at this conference)
7.) A small portable tablet-like multitouch device
8.) The online appStore
9.) The introduction of Snow Leopard Mac OS X 10.6 (all cocoa)
10.) Possible new MacBook updates

Google is also highly expected to make a speech at the conference, possibly announcing a major partnership.

With all this info streaming in and rumors running rampant the stock (aapl) will be pushing higher between mid day today and Monday morning. Here is how it will all play out on Monday. IF we see the new iPhone 3G capability added along with GPS and video conferencing, the investors should be pleased enough to keep the stock stable, anything above that will be a catalyst for a push upwards. If the stock can break its all time high of around $205 per share, we will see a quick steady climb to 225+. If many of the products on the speculation list are announced apple could be into $230 by the end of next month. These are all big ifs but there is high speculation and probability around many of the rumors this year.

WWDC is going to be an awe inspiring event this year, there is no doubt about that. One thing is for sure. This company knows exactly what it is doing, it has a fantastic 10+ year plan for the future and there is no doubt that investing in Apple Inc. is nothing but a good investment.