At its Worldwide Developers Conference on Monday, Apple Inc. unveiled “the highly anticipated renovation of the iOS operating system for the iPhone, iPad and iPod Touch,” Tiernan Ray reports for Barron’s. “The Street reaction, as represented by seem notes from sell-side analysts, was largely favorable.”
While many have been downplaying the importance of this year’s WWDC due to a lack of new mobile device announcements, we believe AAPL wanted to focus attention on the iOS platform. In our view, users will find the interface modernization/enhancements (e.g., translucence, precision feel, gestures, etc.), improved built-in applications (e.g., weather, photos, calendar, car integration, etc.) — Brian Marshall, ISI Group
We felt the refreshed user interface with iOS 7 was a big change through more striking colors, a simpler interface, translucency, new typography, full screen interface, “subtle motion” capability and more. Clearly, Jony Ive’s influence on iOS 7 was felt in a meaningful way with this release. Many new features come with iOS 7 and multi- tasking was one that we believe users will appreciate, along with AirDrop for peer-to-peer transfer, a new Siri voice (now in male and female), expanded Siri intelligence, iOS in the car and other new features. — Brian White, Topeka Capital Markets
We believe that the improvements in iOS 7 should give iPhone users, and investors, a new reason to be excited about their iOS devices and subsequent new phones/tablets. At the end of the day, we believe iPhone users get over new hardware within a few hours when updating their phones, but the OS is what mesmerizes people longer term. Overall, we believe the event sets the stage for new products over the next 6 quarters including iPhone 5S, a cheaper iPhone, a television, iPhone 6, iWatch, and possibly a payments solution. — Gene Munster, Piper Jaffray
Read more analysts’ reactions in the full article here.
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