Exclusive: Apple to beat Google on cloud music: sources - Yahoo! News: "Apple Inc has completed work on an online music storage service and is set to launch it ahead of Google Inc, whose own music efforts have stalled, according to several people familiar with both companies' plans.Apple's plans will allow iTunes customers to store their songs on a remote server, and then access them from wherever they have an Internet connection, said two of these people who asked not to be named as the talks are still confidential.
The maker of the wildly popular iPhone and iPod, Apple has yet to sign any new licenses for the service and major music labels are hoping to secure deals before the service is launched, three of the sources said. Apple has not told its music partners of when it intends to introduce its music locker, they said.
An Apple spokesman declined to comment.
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