Reports have recently emerged; Apple is almost ready to release their cloud-based music storage service, iTunes compatible.
Sources have said that the product is finished and Apple may be ready to launch its service, way before Google even think about launching their rivalling service.
Apple are soon to let iTunes customers keep their music libraries on a remote server. The music would then be accessible from any Internet-connected, iTunes-running device.
Licensing agreements with major record labels is the one thing that is keeping Apple from releasing this service. Also, Google is delaying its own music projects due to rumoured complications with record labels, and Apple has yet to discuss any new licensing agreements with labels.
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