Apple buys; expected to launch a cloud-based service soon

Looks like Apple is all set to launch a cloud based service in the very near future!

It has been confirmed that Apple has acquired the domain name from a Sweden based hybrid cloud computing outfit Xcerion. has now been re-branded to

Speculations are rife that Apple has paid an exorbitant price of $4.5 million to purchase this domain name. With such a hefty price tag, Apple clearly must have serious plans for the cloud.

Apple has built a massive data center in North Carolina, believed to be intended for a streaming video service. It is being rumored that Apple is planning to launch a cloud music locker to store music, photos, videos, for remote streaming to iOS devices and other copies of iTunes.