RBC Capital Markets: Music, iOS 9 Update, And Launch Of Apple Watch SDK Will Be The Highlights Of This Year's WWDC

Apple Inc. AAPL’s Worldwide Developers Conference (WWDC) 2015 is under way and the Street is looking closely at what product or service the company announces this time around.

Amit Daryanani, RBC Capital Markets, was on CNBC recently to discuss what could be the key highlights of this year’s WWDC.

Three Keys

“I would say three things would be key, the music…is obviously very important, the launch of the beat music premium streaming model, if you may,” Daryanani said. “The second would be updating the iOS 9, updating maps to make it more holistic that would be good. The third thing, I think, would be very important is launching the Apple Watch SDK to the developers, so they can get access to the sensor, the digital crown, hopefully come up with better apps to help draw deployment and used cases for Apple Watch. So, I think those are three big things that we would be watching for at the event today.”

Cloud Infrastructure

Daryanani was asked what would Apple be able to achieve if it is really investing in upgrading its cloud infrastructure as highlighted by recent articles. He replied, “It could make them a lot more enterprise friendly overtime, right? To the extent you can have better Wi-Fi encryption, better security, better iCloud syncing, this could be more than just the music angle of it, this could be more about making it a much more enterprise friendly, enterprise ready product overtime.”

Work Higher

Daryanani was asked his outlook for Apple’s stock going forward. He replied, “If you look over the next 3, 6, 9 months, the stock is going to work higher, we think there’s a lot of upside levers left in the story.