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Apple and video games heat up in June

Apple and video games heat up in June

This month presents the tech business with a one-two punch: two key events that will likely have some impact on Wall Street. It starts on June 8, when Apple kicks off its Worldwide Developers Conference (WWDC) in San Francisco. The event’s keynote is where the tech giant will reveal the first details on the latest version of iOS, its mobile operating system.apple3-9-1331322264

The biggest announcement expected at this year’s WWDC keynote is the introduction of a streaming-music service, leveraging the acquisition of Beats. There’s also the possibility a revamped version of Apple TV — the company’s set-top box — will make an appearance. Then, the following week, the video-game industry kicks off its signature event, the Electronic Entertainment Expo, in Los Angeles. Sony and Microsoft will lay out their plans for respective game consoles PlayStation 4 and Xbox One, including new features and the next wave of video-game blockbusters.

Don’t be surprised to see several game companies stay active on Wall Street, including Electronic Arts, Activision and Take-Two Interactive. Meanwhile, we have a handful of earnings reports. Here’s what to watch in June:

Box. The cloud computing company reports first-quarter earnings later this month. After a fast start following its IPO launch in January, Box shares have slowly dipped over the last six months. They’re hovering around the $17 mark, just above the original IPO price of $14. Oracle. The software giant reports fourth-quarter earnings in June. Analysts project earnings of 87 cents a share off $10.96 billion in revenue.

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