While investors and consumers are shifting attention to the release of the iPhone 6 in the second half of the year, the biggest revelation from Apple's World Wide Developers Conference wasn't about a particular piece of software, but rather a subtle shift in the company's approach to business. Apple (NASDAQ:AAPL) has opened up development tools and capabilities to its wider developer community, which bodes well for the company's long-term thinking.
In the following video, The Motley Fool's Alison Southwick talks to Fool tech analyst Eric Bleeker about Apple's opening up through new extensions that let app features work with other apps, the TouchID API (fingerprint sensor), its developer platforms Health Kit, Home Kit, and Cloud Kit, and Swift, its much easier "Objective-C without the C" programming language, and Metal, a gaming API.
After discussing WWDC, Eric takes a look at the positive reaction from Wall Street in recent weeks. Mainstream media reactions to events like WWDC tend to focus too much on storylines like (a lack of) hardware, or new product rumors. So, its heartening -- for Apple investors -- to see such positive reaction to Apple's new software and strategy for attacking the wearables and smart homes market. They've essentially done a lot of "plumbing" work to iOS, which isn't alway sexy, but it's an important area for investors to watch as changes from WWDC deeply effect Apple's competitive position versus Android in the coming years.
While Apple potentially creating a wearables product of its own -- likely a watch -- are dominating the news. In the fall, it's almost a certainty that Apple will be releasing an iPhone 6. Eric also discusses some hints about what Apple has planned for the iPhone 6, and what products will be leading to earnings growth in the latter half of the year.
Alison Southwick and Eric Bleeker, CFA, have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Amazon.com and Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.