Apple Inc. Hits it Out of The Park at WWDC [Apple Inc., Amazon.com, Inc.]

apple inc.The big news this week for Apple Inc.(NASDAQ:AAPL) was the much-anticipated keynote address at the annual Apple Worldwide Developers Conference (WWDC) on Monday, June 2, 2014, in San Francisco. The keynote got rave reviews. A typical comment called it “the most exciting [WWDC keynote] in years.”

The share price of AAPL increased modestly in the next few days. From the close of trading on Monday until the close of trading on Wednesday, AAPL rose 2.57 percent.

The keynote ran for two hours. You can now watch the whole thing on YouTube.

At the keynote, CEO Tim Cook and Senior Vice President of Engineering Craig Federighi unveiled the new operating systems, OS X 10.10 Yosemite (named after the National Park) for the Mac, which will be available as a free upgrade this fall, and iOS 8 for devices. Many new features were introduced, some of which — despite the many rumors that had preceded this event — came as a surprise to Apple watchers.

Among the highlights of the event’s announcements:

OS X Yosemite will have a translucent design.

The iCloud storage drive will work with both iOS and Windows, making it.a direct competitor to Dropbox.

MailDrop will enable users to send email attachments that are as large as 5 GB.

An OS X Yosemite feature called “Continuity” will enable the Mac

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