The most awaited WWDC has begun and this was different to a lot of previous conferences. Here Apple Inc. (NASDAQ:AAPL) focused more on introducing new services and applications rather than hardware. So though it might be beneficial to the end user and excite the existing users, the WWDC 2014 won’t actually entice the investors as it doesn’t look like the announcements will generate huge revenue in terms of new hardware purchases. 
Earlier today Dan Niles of Alphaone Capital Partners was asked what Apple Inc. (NASDAQ:AAPL)’s WWDC had in store on CNBC’s Squawk alley and he stated
“From and investor point of view, you know there wasn’t anything great there and to some extent, it was a little bit of a disappointment because I think the one thing as an investor, people were hoping that we might get a taste of something on the services side. “
Niles also that there were no services to take the millions of credit cards associated with the iTunes accounts into use. So that surely does disappoint an investor.
When Niles was asked if Apple Inc. (NASDAQ:AAPL) can lead the health category with the health kit, he stated
“ In terms of leading on health, I think they really have a good chance to do that.”
He said that the company is trying to reduce the gap in between all of its gadgets. Mac would now look a lot similar to the iPhones or iPads and hence people can get all the information in a single device. If Apple Inc. (NASDAQ:AAPL) introduces a watch later, it can be attached, with the Mac and one can monitor all his information from a single hub and get the information required from the mobile devices and use them more conveniently.
He was also asked if the Mac attach rates would definitely go up as with the health kit and home kit along with Mac integration with mobile devices, Mac is going to become a central device for anything related to Apple Inc. (NASDAQ:AAPL) and more and more people would be using Mac.
Niles gave his views on Beats acquisition too, while answering the revenue that Beats acquisition and iCloud Drive might generate for Apple Inc. (NASDAQ:AAPL):
“[…] and then we saw what Beats music, which I don’t think is a great acquisition but it’s going in the right direction and that they are focusing on services and leveraging the 800 million iTunes accounts. “
He also focused on the bigger iPhone that might get announced later this year, and the expectations set on the next iPhone. Everyone is now expecting NFC (Near Field Communication) and Fingerprint sensor in the next phone to be launched by Apple. Along with this the iCloud drive might generate more revenue and Apple Inc. (NASDAQ:AAPL) can utilize the millions of credit cards they have in the form of potential customers for iCloud. Apple’s new iCloud Drive might directly compete with Dropbox and rival Google’s Drive.
Apple Inc. (NASDAQ:AAPL) might have disappointed the investors, but it brought in some very exciting announcements for the users.
Watch the full video below:
We should also point out some of the investors that are bullish on Apple Inc. (NASDAQ:AAPL)’s stock. Notorious billionaire investor Carl Icahn has upped his exposure to the company by around 60% during the first quarter of the year, his stake currently amassing 7.54 million shares. Greenlight Capital, led by David Einhorn, on the other hand, reduced its position by 17% during the same period, holding around 1.99 million shares.
Disclosure: none
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