Also in this playlist...
This transcript is automatically generated
Overall broader markets.
But the apple developers conference it's been underway for the last two hours and change investors kept their ears open for one highly anticipated update.
-- music streaming service apple just announced the top of the hour the launch of iTunes radio.
What does this mean though for -- dock let's bring in our panel.
At a -- that is a senior equity research analyst at Mizuho securities fraud annually as president principal analyst at the -- -- group that.
Rob I wanna start with you on this long we're just not getting the headlines of our iTunes radio this could be one of the more exciting things for the company not a product category you say.
But a more exciting development on the -- why.
Yeah I think that this is where you know if you look at how the music how people consume music that will moving more towards spend 09 spots Spotify and some of the other kind of music -- Apple did not have enough Inglewood they had this thing definitely gives them an offering.
And they exciting thing -- today's announcement says that all of the look that they're doing that basically walking on -- all of the devices.
Beat Macs iphones ipads.
Now iPods that come they indicating them even more liberal when this -- the capabilities.
All those things should be a positive for legal system.
Positive for the ecosystem abide that let me take that same question -- -- rob tenderly and rob you know and many have that -- well first off let's talk about the stock performance.
As the conference has been going on the stock has been dropping just a little bit as we've seen over the last couple of hours so are they had a daily and a dollar short here.
With regards to the announcements they made today.
Well -- -- typically at the developer event they don't really make any huge announcements anyway they elect their big products that kind of stand -- and stand outside the event.
So this really is than usual situation people get a little bit overheated.
They expect more than that shows likely to provide and then of course the market reacts afterwards.
In terms of the streaming music service recognize this is a customer retention.
A program it's not a customer acquisition program.
Apple's -- the -- customers and much more tightly because on their service which won't move device from device to device.
If it kind of blocks a customer more tightly and apple and their hope is that get people start using the service.
But as a number of real pointed out it is a bit less heat and it will be may be already tied -- rhapsody or slacker of one of the other services already.
-- a bit but -- -- -- was saying that they don't make his big new announcements here fair enough but.
This sold 171 seconds -- me this developers conference about every major business media -- regular media sitting out there waiting for the expect thank.
ITunes radio seems to be the best thing that we've seen thus far.
-- -- any other things that you see but the operating system mavericks or the new MacBook -- are going to be coming up the issue with the battery power saving on the -- poses any of that a -- get you excited about the stock.
A -- will come to stop on the field things that I think would get -- exciting not what they gonna do with cheap but I form what's gonna happen with the new life on -- -- announcement.
And any new product category that -- -- -- early next here.
And has not understand indicated you know this is -- -- -- a -- confidence -- don't see massive new product announcements were there.
-- -- -- This announcement hair and land of the expectations.
He appointed Bart Scott come ordinance a lot of anomalies CSN on the heels type of action on the stop whenever we have these -- Iraq.
It's OK so but -- that you're standing behind the stock rob what about you.
-- -- I I'm still concerned about apple long term this is clue about Steve Jobs apple on it trades still based largely on what Steve Jobs is doing what the company.
This doesn't hurt or help that though is as they say were were really waiting for the announcement.
Of the new phones we're waiting for the announcement of whatever that other device wearable device have been handing out for a while will be.
Those will be that'll be the time will tell whether they're actually able step out of the quagmire there may occur.
What we're currently are but -- it forward and -- -- is that because Delaware we were thinking and we look pie in the sky dreaming or that you might get.
You know updated iPhone 5 today.
You know maybe in your version of the iPad I mean -- -- -- I mean.
All -- Typically it if it hit wherever they -- I thought it really that.
Apple lives increasingly -- -- fourth quarter market so their ideal time denounces right before the way -- not give their competitors a lot of lead time.
In terms what the product SARS you're looking at August and later.
For the bigger announcements and that's when they start rolling up the new iPods.
I any refresh on the -- in -- and ideally any refresh on the iPhone unless they're pushed to an early refresh.
Which didn't seem to be the case here -- -- -- -- -- possibility that might be something in between that wearable device for instance might be that that opportunity but for the most part and we're looking for big announcements to happen.
-- just listen to Steve Steve Jobs was he it is all about watches and we've expected that Steve Jobs I watch out forever and I'm gonna get a of toilet -- by doing the asking price target is 550 you're saying though first quarter for your products is that somehow you feel after the announcements today.
Yeah I think a new product any daylight a watch or anything else inside is an onion mixture of phenomenon for this here hasn't you describe.
It's up on this September bank payment when you can live tonight only fish and -- around that and found that many times have come up it was an iPad you connections when we expecting.
A new product category I think that's -- -- would like to singing and I guess iTunes radio it's only down -- that those spike.
A -- and Mizuho securities senior equity research analyst rob Adelaide course and Italy where president principal analyst Donna thank you very much.
My pleasure right.
Filter by section