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Steve Jobs appearance at WWDC is bullish for Apple

jobssteve030411_optBY BOB HOLT
NEWJERSEYNEWSROOM.COM

Apple announced officially this past week that it will be debuting its new cloud services offering, to be called iCloud.

They also noted that CEO Steve Jobs will be giving the keynote address for the World Wide Developers Conference on Monday morning June 6th in San Francisco.

The Street reports that Jobs is five months into his third medical leave since surviving pancreatic cancer in 2004. He missed the 2009 conference due to a liver transplant, but has made occasional public appearances since, including the launching of the iPhone 4 in 2010.

Jobs will be introducing iCloud, a service which allows users to create and listen online to their entire music collections, without needing to manually transfer or upload songs. It has been described as an online service that allows users to store digital files such as photos, music and videos in databases and access them from Internet-connected devices.

The Wall Street Journal reports Apple has signed deals with Warner, Sony Music Entertainment and EMI for iCloud.

According to Fast Company, also expected to be seen at WWDC are the OS X Lion, Apple's next upgrade to its Mac operating system. The International Business Times reports Apple will unveil iOS 5, the new software platform that will support mobile units like iPhones and iPads. There was no mention of an iPhone 5 in Apple’s reports.

After Jobs announced his latest medical leave in January, Apple's stock has basically stood still. But investors turned bullish on Tuesday, when Apple announced that Jobs would emcee the WWDC, the company’s stock went up 3%.



 

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