Apple (AAPL) Could Soon Unveil iTunes Cloud Service
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Price: $319.97 -2.51%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.5%
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Rumors Friday morning suggest Apple (Nasdaq: AAPL) has reached agreements with Sony (NYSE: SNE), Warner Music (NYSE: WMG) and EMI which will allow iTunes users to access their music library from the cloud.
One source said Apple's cloud service won't require iTunes fans to upload tracks. The services cost is also another topic of debate; some believe Apple will offer the cloud service for free, while others say it will carry a small charge.
One source said Apple's cloud service won't require iTunes fans to upload tracks. The services cost is also another topic of debate; some believe Apple will offer the cloud service for free, while others say it will carry a small charge.
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