this is a big day for apple. the company kicks off its annual worldwide developers conference in san francisco today. it s apple s first major product event in more than nine months. for apple, that s an eternity. apple has said it will unveil an update to its ios mobile operating system, its i-radio streaming service and an update to macbook. many analysts are starting to wonder if apple can come up with innovative products on a regular basis. apple shares down 20% over the past year. apple phones are losing market share. but at least one analyst, andy hargraves, he is still hopeful. this is still an incredibly innovative company in my mind. it s got a massive engine of internal software and hardware development and really loyal customers. yeah, they could do it again. apple s conference is all week. the big thing, tim cook s keynote speech, that is today.
services to be better than apple. could happen surprise us again? we have counted them before and led by steve jobs, they have really, you know, had a renaissance. could thad happen again? yeah, yeah, sure it can. look, the reality is they set the bar so insanely high, right? they created the two most successful products in the history of consumer electronics in a five-year period. that s really hard to replicate. and so you know, people expecting them to do it again isn t really fair to a certain extent, but this is still an incredibly innovative company in my mind. it s got a massive engine of internal software and hardware development and really loyal customers. loyal customers now a dividend so maybe now the share holders will be more loyal. and buy back. exactly. andy, senior research analyst, thanks. coming up, the economic recovery is turning four years old, but are you celebrating? we ll get to the bottom of it
that s hard to replicate. people expecting them to do it again isn t fair to a certain extent. this is an incredibly innovative company in my mind. it has a massive engine of internal software and hardware development and really loyal customers. they can do it again. loyal customers and now a dividend so shareholders may be more loyal. and buyback. nice to see you this morning. thank you. all right. thanks. as the great philosopher kanye west sings, digging for gold isn t as profitable as it used to be. tell you why next. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises.