The Financial Times has reiterated recent rumors that Apple will allow customers to store their iTunes library in the cloud for access from any device.
More than a year after buying Lala, a cloud-based digital music service, Apple is now looking to use the cloud mainly to allow users of its iTunes store to back up their collections and access them from any Apple device.
One person with knowledge of Apple’s plans said the company did not want to undermine the market that it dominates for paid downloads, likening its plans for the cloud to "insurance".
Apple recently discontinued the MobileMe retail box and removed MobileMe from its online store suggesting that a revamp of the service might be coming soon.
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