Apple Has 'Little Room For Surprise' at WWDC

Piper Jaffray analyst Gene Munster believes that Apple has 'little room for surprise' at WWDC, citing the leak of its 4th generation iPhone.

"We believe that it is unlikely that the next generation iPhone will be available at Verizon (or Sprint) at launch; rather, it is more likely that it remains exclusively available at AT&T in the U.S. at launch," Munster wrote.

He suggests Apple may replace the $99 iPhone 3G with the iPhone 3GS which Wal-Mart has already done and maybe provide a "limited demo" of Mac OS X 10.7.


"The Mac OS has not seen the same level of innovation as iPhone software in recent years," Munster said. "With the next version of Mac OS X, we expect Apple to bring some of the same innovation to the Mac platform. Multi-touch technology, for example could be a key feature of Mac OS 10.7."

"Bottom line: WWDC will likely be in-line with expectations, and a non-event for the stock," Munster wrote, "but the new iPhone will likely drive unit sales beyond Street expectations, providing a positive catalyst for shares of AAPL in the coming months."

Munster seems to be forgetting possible updates to the AppleTV to compete with Google TV, the moving of iTunes into the cloud, an extension API to Safari, etc. Apple has plenty of ways they could surprise. Let's hope they do.

Remember Steve Jobs said, "You won't be disappointed"


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