This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Apple to Update MacBooks at WWDC: Rumor

NEW YORK ( TheStreet) -- On last week's earnings call, Apple (AAPL - Get Report) CEO Tim Cook said the company had some "really great stuff coming in the fall and across all of 2014," regarding products. Conveniently, while Cook offered a little hint about Apple's product roadmap, he may have left out one important detail.

KGI Securities analyst Ming-Chi Kuo, who is as tied in with the Apple supply chain as anyone, says Apple may update its MacBook computers at its Worldwide Developer Conference event in June. Kuo previously didn't expect a refresh at the event, and given Cook's comments on the earnings call it didn't seem like Apple would be offering anything new until the September/October timeframe.

Yet in the research note, Kuo said the new MacBooks will get Intel's (INTC - Get Report) Haswell processors, which should give them better battery life as well as a performance boost. Kuo also noted that Apple may be announcing a lower-cost iPad mini to compete with cheap Android tablets, with the price in the $199 to $249 range.

Shares of Apple were higher in pre-market Monday trading, up 0.6% to $419.71.

There's no word yet whether the MacBook Air will get Retina Display, something Apple fans and customers have been waiting for for sometime. The MacBook Pro currently features Retina Display, known for its sharper screen images, but the lower-end MacBook Air doesn't currently offer this feature yet.

Apple sold just under 4 million Macs, a 2% decline from the year-ago quarter. The PC market is declining sharply, as research firm IDC noted in its latest report. Tablets, such as the iPad, iPad mini, and tablets running Googe's (GOOG) Android operating system have been eating away at consumer's wallets as it pertains to PC spending.

Apple was able to significantly outperform the PC market, which experienced a 13.9% decline year-over-year, but a decline is still a decline. Any refresh to the Mac computing line would be seen as a sign that Apple is trying to reverse that trend, though consumers and enterprises are increasingly turning to tablets for their needs, and that trend doesn't look to stop anytime soon.

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.73 -0.49%
GOOG $570.80 -0.50%
INTC $33.87 -0.66%
FB $79.91 0.39%
TSLA $197.69 -0.94%

Markets

DOW 18,039.07 -164.30 -0.90%
S&P 500 2,089.62 -18.16 -0.86%
NASDAQ 4,942.7670 -37.1340 -0.75%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs