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iCloud: Apple’s next big rainmaker

“There are signs that Apple is finally beginning to prioritize the cloud. In June, the company announced iCloud Photo Library, which will store master copies of photos in the cloudEule writes for Barron’s. “Apple users will still have to pay up for the service; the free option is capped at five gigs. Apple has at least lowered the price for higher tiers; 20 gigs will cost 99 cents a month, and 200 gigs will be $3.99 per month,” Eule writes. “Starting this fall, Apple is also planning to bring a Dropbox-like option to iCloud. Mac and iOS users will be able to save any type of a file in a folder that then gets stored and synced via the cloud.

“Consumers might be willing to pay up for that kind of offering, especially if it means constant access to their growing collection of photos and videos across all Apple devices,” Eule writes. “Katy Huberty, who covers Apple for Morgan Stanley, estimates that iCloud has 450 million users, though it’s unclear how many are paying for upgraded storage. If Apple can persuade those customers to pay for 20 gigs of storage, the company would add $5.3 billion in annual revenue and 32 cents a share in earnings, Huberty estimates.”

Read more in the full article here.

MacDailyNews Note: With Apple’s forthcoming iCloud Drive, you can safely store any kind of document in iCloud and access them from all your devices and access them from your iPhone, iPad, iPod touch, Mac, or even a piece of crap Windows PC. Learn more here.

Also, with Apple’s soon-to-be-released iCloud Photo Library, Every photo and video you take now lives in iCloud — giving you the freedom to access your library from any device, anytime you want. You can access and download your photos and videos anytime from your iPhone, iPad, iPod touch, or the web. Learn more here.

Related articles:
Apple’s new iCloud storage plans: Cheap for consumers, even cheaper for developers – June 8, 2014
Apple unveils new versions of OS X and iOS, major iCloud update with iCloud Drive – June 2, 2014

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