Apple Readies Internet Cloud Service

Steve Jobs will reveal details of iCloud storage service in keynote address

KIMIHIRO HOSHINO/AFP/Getty Images
Apple CEO Steve Jobs appears at Apple's special media event at the Yerba Buena Center for the Arts in San Francisco on March 2, 2011 in California.
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Apple has announced plans to reveal details of its long-awaited cloud storage service during Steve Jobs' keynote speech at the Worldwide Developers Conference on June 6th. The service, known as iCloud, is expected to be a storage system that will allow users to stream music to mobile devices from Apple's servers.

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Amazon and Google have already launched similar cloud services without licensing deals with major record labels, but it seems likely that Apple has signed deals with those labels that will enable them to provide features their rivals cannot offer without licenses.