Piper Jaffray: Expect Apple to debut iTunes cloud, not music subscriptions

“Apple will likely announce a cloud-based iTunes streaming service on Tuesday, but will not offer an all-you-can-eat music subscription plan, investment firm Piper Jaffray has predicted,” Neil Hughes reports for AppleInsider.

“Analyst Gene Munster issued a note to investors Monday after Apple teased on its website that it would have an “exciting announcement” on Tuesday at 10 a.m. Eastern,” Hughes reports. “He said it’s ‘probable’ that Apple will announce a cloud-based iTunes service that would allow content streaming to Internet-connected devices.”

Hughes reports, “Munster is not, however, convinced that Apple will announce a music subscription service this week.”

Read more in the full article here.

[Thanks to MacDailyNews Readers “Fred Mertz” and “Arline M.” for the heads up.]

17 Comments

  1. Music subscriptions won’t work because of the potential for abuse and all of the limitations they would have to put on it.

    And streaming? Streaming what? Movies are already taken care of mostly. Music? Well, now we’re supposed to pay Apple a thousand percent more than another music streaming service? No thanks.

    We’ll find out tomorrow.

  2. The problem with “The Cloud” is “Cloud Access” What if you live out in the middle of nowhere? How do you access all your tunes stored on the cloud? Oh yeah, thats right, you can’t.

    There are thousands of reasons why I personally won’t use The Cloud for personal storage.. and every ISP in the world is one of them..

  3. Apple will announce the dead of cable companies as we know it.
    They are going to unveil a subscription service for movies so you will never need a cable company. it is going to be “cable on demand”. or is it?

  4. The problem with the cloud is that you have to have access. If you’re connected via wifi or wire then you’re good. I’ve just switched to 200MB/month with ATT. I doubt I’ll be using the cloud outside of non-metered usage.

    Still like the idea. But we will need cheaper or unmetered data access for it to really fly.

    The only problem is this is beginning to look like Skynet. All devices connected and in perfect harmony until Arnie goes postal.

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