NEW YORK (TheStreet) -- Apple (AAPL) hosts its Worldwide Developer Conference next week, and while the event has delivered bombshells in the past it's largely gone as expected in recent years. That may be about to change, though, especially as it relates to software and services.
"Apple's closed ecosystem has always been valuable but in the coming years the potential contribution of earnings and revenue growth from the service side will surprise on the upside," said Channing Smith, Capital Advisors managing director. "The developers conference will take a giant step in this direction." Capital Advisors is long Apple shares.
This year's WWDC, held in the Moscone Center West in San Francisco, as it is most every year, largely will focus on updates to the next version of iOS, as well as Mac OS X. The look of Apple's iOS was drastically redesigned when iOS 7 was released, so this year Apple is likely to continue improve upon the look and functionality of the operating system. Piper Jaffray analyst Gene Munster said the system could include an updated version of Apple Maps with transit directions and the ability to split screen apps.
Apple is live streaming the keynote of its developer conference on Monday, June 8, which starts at 1 p.m. EDT. TheStreet will be in attendance and will live blog the event.