Apple could also launch new features on iTunes for music sharing. Apple’s iTune Store has over 28 million songs and approximately 45,000 movies. Moreover, the App Store, which is also available via iTunes, now offers more than 650,000 applications. Bloomberg notes that iTunes is critical to Apple’s success, generating nearly $1.9 billion last quarter.
“Any changes will have implications for the media industry, because the store is the gateway for millions of iPhone, iPad, iPod and Mac users to buy music, movies and television shows,” the publication wrote. While this is interesting, today’s rumor is still bleak. One source reportedly said that the planned further integration with iCloud is geared to improve how people will manage their files. Apple declined to comment about the report.