Apple Inc (NASDAQ: AAPL) has released the dates for its big annual forum dubbed Worldwide Developers Conference (WWDC23). According to the company’s news updates, this year’s Worldwide Developers Conference is slated for June 5 through 9 and will take place online and be available freely to all. Following the announcement, Apple shares gained approximately 2 percent on Wednesday to close the day trading at around $160.
Closer Look at Apple WWDC23
Apple investors positively welcomed the announcement since the company typically unveils new software features for its Apple products. Reportedly, the $2.49 trillion valued company could reveal its long-awaited virtual and augmented reality (VR/AR) headset during this year’s Worldwide Developers Conference.
Additionally, there are speculations that the tech giant company could announce a new high-powered Mac during the WWDC23 event.
“WWDC is one of our favourite times of the year at Apple because it’s an opportunity to connect with the talented developers from around the globe who make this community so extraordinary,” said Susan Prescott, Apple’s vice president of Worldwide Developer Relations. “WWDC23 is going to be our biggest and most exciting yet, and we can’t wait to see many of you online and in person at this very special event!”
The company has indicated that there will be a limited in-person space for developers and students to interact with Apple engineers. Moreover, the WWDC23 event is a massive opportunity for student developers to elevate through the Swift Student Challenge. Furthermore, the company will discuss the future roadmap of its software development in line with hardware developments.
“With the help of Swift Playgrounds — a revolutionary app for iPad and Mac that makes learning the Swift programming language interactive and fun — students worldwide are invited to create an app playground on a topic of their choice. Submissions for this year’s challenge are now open, and students can submit their work through April 19,” the company noted.
Apple and the Market Outlook
Earlier this month, Apple released details of its yellow iPhone 14 through a press release. The diversity of its products has helped it compete ruthlessly with its peers, including Samsung Group and Huawei Technologies Co., Ltd. As a result, speculations are that Apple will release iPhone 15 at the tail end of this year. Following a disappointing sale of the iPhone 14, rumors have it that the tech giant is considering price cuts on iPhone 15 series.
Meanwhile, Apple shares have gained approximately 23 percent YTD. Nevertheless, AAPL shares have been trapped in a macro downtrend that began in late 2021. According to market data from MarketWatch, Apple shares declined approximately 9.56 percent last year.
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