iCloud to be unveiled by Steve Jobs

Steve Jobs, who has been on medical leave, will present iCloud, a Web-based service that lets consumers stream music they bought to any Apple device.

SAN FRANCISCO – Apple Inc. Chief Executive Steve Jobs returns on Monday to the stage at San Francisco’s Moscone center to take the wraps off what investors hope will be the next source of growth for the world’s most valuable technology company.

Jobs, who has been on medical leave for months and last took the stage in March to present the iPad 2, will unveil the iCloud, a Web-based service that lets consumers stream music they bought to any Apple device, pitting it against rivals Google Inc and Amazon.com Inc.

That expansion into cloud computing is seen as crucial if the company is to stay competitive with increasingly popular open-sourced software, such as Google’s Android operating system, according to analysts and investors.

The iCloud has the potential to make Apple’s iTunes even more powerful, making it tougher for rivals to keep up, Sterne Agee analyst Shaw Wu said.
Article courtesy of Mother Nature Network

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