What seemed like a drastic collapse of Apple (AAPL) stock at the beginning of the year, has turned into a necessary sale to get rid of extreme speculation. It seems overwhelmingly true that Apple’s strategies and product moves have been quite beneficial to their earnings and in turn, its investors.

Finally, now halfway into the year, Apple is returning to its previous highs and filling in the gap at $200. The question now is should investors speculate at this point by purchasing shares in AAPL?

Before doing that, it’s important to understand that the MacBook Air has a lot of potential. The device is far ahead of the curve, and many people are still getting used to the fact that a fully-functional laptop could be without a CD/DVD-ROM drive. Along with that, the lesser power (CPU), fewer device inputs, and large storage reduction don’t help its cause. On the other hand, the device could see heightened popularity when the general population understands the practicality of a lightweight, highly-portable, and fully-functional laptop. Wireless standards have a lot of room to grow, but as wireless internet continues to grow in popularity and the sharing of broadband connections around the states increases, the device will continue to see a niche demand.

We’ve just published an article regarding the 3G iPhone update that should come within the next couple of weeks. With this update, price reductions may occur alongside a greater demand for the faster, greater business-like phone.

Be careful about purchasing more AAPL at these levels, but with any sizable pullback, a purchase consideration should be made.

Alongside the annual Worldwide Developer’s Conference (WWDC), rumors are surrounding the June 9th Keynote speech by Apple’s Steve Jobs. In traditional fashion, WWDC is being touted as the next spot for an upcoming product update/release.

The long demanded 3G iPhone, which has been the constant talk of rumor sites, may finally have a release date. A report out of GeekSugar is putting a heavy reliance on an insider’s tip. The insider suggests that when Jobs takes the stage on June 9th, he’ll be packing a new 3G iPhone in his pocket.

We’ve already seen iPhone supplies drop and disappear in recent weeks. Both US and UK online stores have declared the iPhone as, “currently unavailable.” What does this most likely suggest? Without a doubt, consumers will see an update within a short few weeks.

As we’ve previously mentioned,

All-in-all, the next revision in the iPhone rumors have included: greener (more environmentally friendly) design, OLED screen (organic), better battery life, simultaneous release of App Store, and 3G capabilities.

Added to this would be the consideration that storage capacities will most likely drop the 8GB model and opt for the 16 and 32GB versions.