Apple's WWDC: What to Expect (Update 1)

Updated from 9:54 a.m. EST to include more analysis on iRadio.

NEW YORK ( TheStreet) -- Apple ( AAPL) is set to hold its Worldwide Developer Conference (WWDC) next week. Since Apple has not released a new product (new iPod Touch notwithstanding) since October 2012, there's increased speculation about what new products, software, and services the technology titan might unveil.

This year the annual conference, which runs from June 10 to 14 in San Francisco's Moscone Center West, will give developers a look at the latest version of Apple's mobile operating system, iOS 7, as well as its next desktop operating system, OS X.

Rumors have been flying as to what Apple might announce this year. Will Jony Ive, Apple's senior vice president of industrial design, make an appearance on stage? Will Apple showcase its digital wallet solution, something that's been in the works since last year's WWDC?

Here are three items that Apple is expected to reveal at the WWDC next week.

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