How Will Apple (AAPL) Stock Be Affected By iOS 8 Update News Today?

NEW YORK (TheStreet) -- Apple (AAPL) will be adding a split screen multitasking component to the iPad when it updates to its iOS 8 format, according to a report by 9to5Mac.

Currently, iPad users can only display one app in full screen mode at a time. With the update users will be able to run multiple apps at the same time.

Apple is set to unveil the features of iOS 8 at the Worldwide Developer's Conference on June 2.

Must Read: Warren Buffett's 10 Favorite Growth Stocks 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The move runs counter to Microsoft's (MSFT) Surface tablet which already has the "snap" multitasking feature.

For now it's unclear whether the the split screen technology will be available on all Apple mobile devices or just the iPad.

Apple shares are up slightly to $594.04 on Tuesday.

TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate APPLE INC (AAPL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

If you liked this article you might like

Great Expectations? Apple 8 Line Not as Long as in Past Years

Nasdaq, S&P 500 Close Higher Amid Tension With North Korea

Former Apple Supplier Imagination Technologies Reportedly Sold to Chinese Firm

Week Wasn't Bad but That's Not Necessarily Good

Cramer: Food Stocks Are Going Hungry