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Apple (AAPL) Could Soon Unveil iTunes Cloud Service

May 20, 2011 7:47 AM EDT
AAPL Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

EPS Growth %: +92.2%
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.


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Comments View All Comments

Cramer
Marjorie mezvinsky on May 29, 2011 09:41 AM
Mark as Spam

he says buy.

IPAD
Michael Calaizzo on May 20, 2011 10:54 AM
Mark as Spam

Great long term stock play.

Steve
Calaizzo Michael Donatelli on May 20, 2011 10:52 AM
Mark as Spam

We love him and hope he is around a long time.

Jobs
Marjorie Mezvinsky on May 20, 2011 10:51 AM
Mark as Spam

He is no Eddy Mezvinsky, he is talented and smart and Ed is a crook.

Jobs
Palazzo Mike Calaizzo on May 20, 2011 10:49 AM
Mark as Spam

Keep him healthy.

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