Apple will launch an internet-based services as well as a “Killer App” Morgan Stanley analyst Katy Huberty told investor in a note on Thursday.
In a note to investor, Morgan Stanley analyst Katy Huberty posited that Apple will launch internet-based services as well as a “Killer app” this year. This insight was gained from her recent meeting with Apple’s management.
“In the near term, Huberty said Apple could make a surprise announcement at the upcoming Worldwide Developers Conference in June regarding a new type of internet service such as streaming music or a mobile payment system,” Mikey Campbell writes for AppleInsider. “She went on to say that the Apple Internet Software and Service chief Eddy Cue is believed to be working to improve existing services like iCloud and Maps, but at the same time is planning to launch new initiatives.”
Katy Huberty (via Appleinsider):
We believe Apple could charge either developers or users for some of these services, which could boost Apple’s annuitized revenue stream and better monetize its large user base. For example, Apple could offer a streaming music service using a freemium model.
Recently, Katy Huberty discussed her Apple CFO Peter Oppenheimer in a CNBC interview. She stated then that “Apple will surprise this year” with “a killer feature that drives consumers increasingly to the platform” that will debut on the iPhone 5S.
Given the stiff competition in the smartphone market and Apple’s stock price woes, many pundits will be hoping that Katy Huerty’s ‘hunches’ are correct.