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Apple Stock Is in the Spotlight as WWDC 2022 Kicks Off

  • Apple (NASDAQ:AAPL) stock is advancing ahead of its developers’ conference which begins today.
  • At the conference, Apple is expected to announce updates to its existing operating systems.
  • There are rumors that the company may discuss or provide hints about a new operating system that could power a “mixed-reality headset.”
Apple stock - Apple Stock Is in the Spotlight as WWDC 2022 Kicks Off

Source: Vytautas Kielaitis / Shutterstock.com

Many investors are eagerly awaiting news from Apple (NASDAQ:AAPL) ahead of the company’s “annual developer” conference which starts today and ends on Friday. At the event, the hardware maker is expected to unveil an upgrade to its existing mobile operating system iOS 16. Additionally, some pundits and analysts believe that the company may discuss or provide “hints” about a brand new OS called “RealityOS.” This new OS would enable Apple’s customers to enjoy “virtual and augmented reality,” known as VR and AR respectively. Ahead of the conference, titled the Worldwide Developers Conference, or WWDC, Apple stock is climbing 1.3% in pre-market trading.

With the updates to its existing operating system, Apple could offer enhanced notifications, “an ‘always on’ feature,” and improved navigation on its iPads.

Apple’s new RealityOS could power a “mixed-reality headset.” The device may utilize a form of AR to superimpose “digital objects on physical surroundings.” According to Reuters, it could launch next March. Additionally, Apple is reportedly looking to introduce iterations of its FaceTime and Maps services that incorporate VR.

On May 26, Bloomberg reported that Apple was looking to produce the same same number of iPhones in 2022 as in 2021.

Over the last month, Apple stock has sunk 4.4%, and the shares have tumbled 18% so far this year.

On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.

Article printed from InvestorPlace Media, https://investorplace.com/2022/06/apple-stock-is-in-the-spotlight-as-wwdc-2022-kicks-off/.

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