Apple Expected to Unveil Digital Radio Service

The company is holding its Worldwide Developers Conference in San Francisco.
1:39 | 06/10/13

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Transcript for Apple Expected to Unveil Digital Radio Service
Apple has the developers conference kicking off today a lot of people lot of apple has out there waiting to see with the new big gadgets going to be. -- -- -- You know I actually think -- of kind of past the point where apple can end in one -- who dazzle us with that next new thing but I do think incrementally they have insisting things to offer us what -- radio streaming music. Which has been long rumored but the fact that it's kind of getting in motion is definitely adjusting to be disruptive to other music streaming services like pandora. Do you think we're gonna get a little more about the operating system it's very -- -- behind the scenes so I really feel like. Apple is no longer one of those you know kind of what's the next blockbuster stories it's so -- and so dominant and so many areas and the stock really the fever has broken with regard to apple shares -- mean they've been kind of walling around. In this range for a little while now interestingly they did not run up into the developers conference in here in past years the prior weeks. Before the conference they actually have. Run -- so it seems to me the market is not applying very high expectations or hopes on what specifically is going to be unveiled at the conference which I think. You know by reverse logic is good basically we can be pleasantly surprised if we don't already have -- -- You know what's fascinating is to see how the profile of the apple investor has changed as the company has gadget and evolved very very rapidly. Yes absolutely I mean it's -- it's in the hands now of kind of your stated value investors -- 12. Care about dividends and buybacks and yes they still you know worship the sort of the cult of Steve Jobs but that's not the reason that they don't Apple Stock it's not necessarily. Number one for innovation even though obviously planning that's going to be going on there behind this.

This transcript has been automatically generated and may not be 100% accurate.

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