NEW YORK (TheStreet) -- Apple's worldwide developer conference kicks off on Monday in San Francisco, but analysts aren't expecting many surprises from the tech giant.

With no new hardware devices forecast, the star of the show is bound to be software. Rumors are swirling about the newly designed IOS 9 software for iPhone and iPad devices, as well as a revamped OS X operating system for Macs. It's likely that Apple will say more about its move into on-demand music and radio streaming services.

"The real feature excitement is going to be whatever they announce about what was formerly Beats Music is going to be big," said Manhattan Venture Partners chief economist Max Wolff. "Especially if they push video into that or some video product native, especially because we've just seen Spotify go into the video realm, right, so it ups the pressure on Apple to do that," Wolff added.

The rollout of the Apple Watch in stores is expected to take place within the next few weeks and already there's talk of a new software update.

"We're also going to get a first indication of how the watch is doing," Wolff said. "As far as we can tell the watch seems to be doing a lot better than most folks, myself included, sort of forecasted. so I think it's going to be pretty much trade strong to this news, across the conference."

Wolff told TheStreet in the run up to the conference. It's been made pretty clear that we won't be seeing a new Apple TV just yet, but new research shows Apple to be leading the race for digital video supremacy.

iPhone and iPad devices also represent an 82% majority in mobile video views.

Analysts are expecting the stock to remain strong following the conference announcements.

Senior analyst for S&P Capital IQ Angelo Zino told TheStreet, "Overall we have a hold recommendation on the name, $150 target price."

"In the near term we see some bumps in the road ahead of a new iPhone launch given the momentum we've seen as of late. So that's really the concern for us here in the immediate term," Zino said. "Nonetheless, longer term we see Apple remains a very good investment."


TheStreet Ratings team rates Apple as a buy with a ratings score of A.

TheStreet Ratings Team has this to say about its recommendation:

"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

View the full analysis from the report here: AAPL Ratings Report

 

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