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The rumor mill has consistently claimed that Apple was struggling to fix technical issues with new features coming to the iPhone 8, which would force the company to delay the phone's launch.

Apple formally announced the debut of its rumored Venmo-like P-to-P service, and as with anything Apple-related, it's deeply embedded into the overall Apple ecosystem. This addition will enable iOS to support multi-room audio, an important move as smart speakers continue to rise in popularity. During the highly anticipated developer focused conference, Apple Inc.is expected to reveal the latest version of it's Mac and MacBook operating system macOS 10.13.

Although Siri would likely be a centerpiece of a smart speaker from Apple, Moorhead said the device's design, colors and acoustics will also likely be focal points because the company has a long history of making elegantly designed products.

Apple's iOS 11 also includes ARkit, a way for developers to tap into augmented reality for their software. Looking at products over the past couple of years, it seems like Apple is lagging behind.

While today's WWDC Conference will mostly be about upcoming software updates, it does not rule out the possibility of details surfacing regarding Apple's next model.

Virtual reality has been described as the next big thing for decades.

Apple, for its part, hasn't produced as much wow factor when it comes to showing what's next for tech.

Apple has been working hard on health, particularly in its Apple Watch.

This can also be tied to the fact that Apple is trying to improve on the productivity front.

Apple is taking on Venmo and Square Cash with peer-to-peer payments. Now a Foxconn employee with inside information on Apple's upcoming products has dumped nearly everything in a Reddit thread. The event has been in San Francisco in recent years. Amazon's (AMZN - Free Report) Echo and Alphabet's (GOOGL - Free Report) Google Home are little speaker-like home automation devices that can do everything from streaming music to dimming lights or adjusting the heat on the compatible thermostat. "Further, consumers now spend the vast majority of time on iPhones using services from third-parties, including Google, Facebook, and Tencent".