And so was Wall Street.
The iDevice king failed to unveil any major products, continuing a trend that stretches back to the 2010 reveal of the iPad. That "failure" ignited another round of second-guessing by investors and the other pundits. Even the usually evenhanded Investor's Business Daily summed it up by saying that "analysts say latest product rollouts fail to impress."
As usual, the naysayers totally missed the point.
Granted, Apple didn't introduce a new product at the World Wide Developers Conference.
But the way I see it, the Cupertino-based giant did something that was much more important than just roll out some new "gadget." Apple actually unveiled a strategy that puts the company into two new businesses and positions it for years of potential new growth.
And that means Apple stock – which has zoomed back up near its 52-week highs – is headed even higher.
Today, I'm going to show you why. And I'm going to start by telling you about a new concept in computing – a term you'll soon be hearing lots about.
And that's just where we want you to be…
The Great Unifier
I love gadgets – for what they do for both my portfolio and my life – but what I've really been waiting for is a personal tech ecosystem in my home. And Apple has revealed a series of initiatives that will help create that ecosystem.
Apple will soon be uniting laptops, wearables, mobile devices, and home automation – a holistic approach known as "Unified Computing."
And this is just one of the reasons why I'm sticking by my prediction that Apple stock, within three years, will rise to $1,000 a share on a split-adjusted basis.
Let me explain exactly why Apple's recent initiatives are so brilliant…
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
You can follow Michael's tech insight and product updates for free with his Strategic Tech Investor newsletter.