A report out of Reuters claims Apple is set to launch its online music storage service. According to the report, the service allows users to store their iTunes content in the cloud and access it from an internet-connected device. Apple has yet to secure the licenses for the new service and is in the process of negotiating with the music labels before the service's big launch. No word on whether changes to MobileMe are included with this upcoming launch.
Apple will reportedly beat Google to the punch and launch its music storage and streaming service ahead of the search giant. Hints of Google's foray into music streaming have appeared in the latest builds of Android, but the rollout of this service is reportedly delayed.
