Munster Labels WWDC 2010 “a Non-Event”
In a note to clients this morning Piper Jaffray analyst Gene Munster has labelled the upcoming Worldwide Developers Conference as “a non-event” for Apple’s share price and expects few surprises.
In the note Munster writes that the iPhone Steve Jobs is expected to unveil will drive sales beyond Wall Street estimates and will continue “providing a positive catalyst for shares of AAPL in the coming months.”
Munster has put together a list of expectations for the WWDC 2010 keynote on Monday, June 7:
- New iPhone: Likely – the design we’re all familiar with from leaked images and videos. Will feature a front-facing camera, thinner design, improved rear camera, better battery life and capacities of 32/64GB. Expected to be priced at $199/$299 and on sale by end of June. Munster expects iPhone 3G to be discontinued and iPhone 3GS to enter $99 price point.
- iPhone available from Verizon: Unlikely – Apple expected to stick with AT&T “for now”.
- iPad sales update: Possible – WWDC will mark five weeks since the iPad went on sale. Munster expects Jobs to announce updated sales figures.
- New Mac OS demo: Possible – Munster writes that Apple hasn’t put as much energy into Mac OS like it was iPhone OS. The analyst believes a demo of Mac OS X 10.7 would not be “out of order”.