Apple Inc. AAPL will be kicking off the week with its annual Worldwide Developers Conference in San Francisco.
The tech giant uses this conference to excite developers to build applications for its products. WWDC will begin on Monday at 1 p.m. ET.
Apple is expected to release a new iPhone in the fall and will preview updates to the iPhone’s mobile operating system, along with new features and designs.
Related Link: For Apple, Streaming Is A 'Necessity Not An Option'
Along with the iPhone news, Apple is attempting to alter the way people buy and listen to music, just as it did with the introduction of iTunes. It’s expected that Apple will introduce an online streaming option for the service and charge a premium of $10 per month. Apple is also expected to restructure its free online radio service with new channels that are programmed like the radio, featuring high-profile artists.
Related Link: Apple WWDC: This Expert Is 'Most Excited' About Apple Music
Interestingly, Pandora Media Inc P has not been highly affected by the news. Pandora shares are down 0.5 percent over the past month and 1.5 percent over the past five trading sessions.
Shares of Apple are up 2.7 percent over the past month and down 1.2 percent over the past five trading sessions.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
