This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple's June Showcase to Lack Jewels

NEW YORK ( TheStreet) -- Apple (AAPL - Get Report) has a product to showcase at its annual developers' conference next month, but instead of the new iPhone, it's a refreshed MacBook Air.

Apple has asked its suppliers and manufacturers to start production of its ultra-thin notebook this month for launch in June or July, according to a report Wednesday by DigiTimes, a Taiwanese tech journal. The new versions of the MacBook Air are expected to include Intel's (INTC) Sandy Bridge processors and Apple's speedy Thunderbolt data connector, the report said.
Apple MacBook Air

This means that the MacBook Airs are also the only new product -- with the possible exception of the iTunes cloud music service -- that Apple will have to show off during the World Wide Developers Conference on June 6. This show, it should be noted, has traditionally been the launchpad for Apple's latest and greatest iPhones.

If true, and the MacBook Air is the main event, the news will likely come as another disappointment this year for Apple on the new product front.

As first reported at TheStreet, the long-awaited 4G LTE iPhone has been delayed until next year. The next iPhone, dubbed 4S, will have only minor upgrades.

While there's nothing wrong with upgraded MacBook Airs, Apple has a special status in the tech sector. And Apple plays to a demanding audience of leading-edge consumers and growth-hungry investors who want a steady supply of bold new killer products.

The delays of the iPhone come at a time when Google's (GOOG - Get Report) Androids are loading up on bigger processors and higher 4G LTE speeds than what's featured on Apple's aging 3G phones.

Minor tweaks to the iPhone 4S and reheated MacBooks aren't likely to mollify investors.

Apple shares, which surged 60% last year, have gone almost nowhere this year. Wall Street continues to see a yellow light with Apple. While hopeful for a major new product, investors are also braced for bad news about Steve Jobs' health and his future with the company.

Apple shares were mostly unchanged at $336.00 early Wednesday, and have been down 3% in the past three days.

--Written by Scott Moritz in New York.

To contact this writer, click here: Scott Moritz, or email:

Follow Scott on Twitter at MoritzDispatch

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.03 -0.71%
GOOG $748.15 -0.02%
FB $105.41 -0.31%
TSLA $229.64 5.22%
YHOO $33.16 0.61%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs