Apple may have purchased iCloud.com domain

Rumours that Apple is about to launch a cloud-based iTunes service are hotting up with the news that Apple may have purchased a new domain: icloud.com.A source has claimed that Xcerion, the Swedish company which owned iCloud.com, has sold the domain to the fruity tech company for $4.5 million. Xcerion has recently rebranded its own iCloud service as CloudMe, which seems to support the idea that the iCloud.com domain was set to change hands. Cloud iTunesRecent reports have suggested that Apple has finished work on the much-lauded music storage service. iCloud, as it may well be called, is said to allow subscribers to upload and store music on Apple's servers in order to play on any connected device – although presumably these devices will have to be Apple-made. Google is also scrabbling to launch Google Music, a similar service to iTunes with the added benefit of cloud storage – sources say that Google Music is technologically good to go; it seems that it's having a spot of trouble licensing any actual music, however.Still, iCloud? Not very imaginative, is it?Related StoriesMySpace owners looking for over $100 million for siteAmazon profits fall 33% despite Kindle sales boostYouTube to stream astronaut interview live from spaceUK-based company sells gambling.com for £1.5mDelicious snapped up by YouTube founders