However, Apple will have to convert a lot of Droid users to be No. 1 again. More than 226 million Droid devices shipped in the last quarter of 2013, according to research firm IDC. Only 51 million IOS devices shipped in the same quarter.
Apple also took on Google -- not to mention Amazon and Dropbox -- with more robust cloud services. Apple undercut prevailing cloud storage prices by announcing it would offer 5 gigabytes of cloud storage a month for free, and 20 gigabytes of cloud storage for 99 cents a month. It also will allow users to send large files to each other for free via its cloud service, in the same way that Dropbox does.
$AAPL Seems like iCloud Drive is my reason to abandon Google Drive...if it is as good.? Robert Lewis (@Zentemple) Jun. 2 at 03:36 PM
Apple also took on all the programming languages out there with the unveiling of a new coding language called "Swift." Apple promised the language would enable developers to code faster with fewer opportunities for mistakes.
Despite Apple taking on all the competition, investors remained largely unimpressed.
$AAPL like a realtor, overpromise, underdeliver? Satish Mathan (@smathan75) Jun. 2 at 02:59 PM
$AAPL Everything apple announced today seems defensive to ecosystem. Nothing new frontier.? Alex K (@AKEB) Jun. 2 at 02:44 PM
But some said that the value of Apple's ecosystem would take time to bear out. Once investors had a chance to digest their disappointment over the lack of a new device, they would see the value in having a seamless Apple ecosystem that could make users of one Apple device swap all their tech for Apple products.
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At the time of publication, the author held no positions in any of the stocks mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.