iTunes CloudLast week we reported that Apple’s cloud music service was rumored to be nearing completion and this week, more details about the service have started surfacing. Rumors are now saying that Apple’s music service will probably start free of charge and then cost users a fee after awhile. How much Apple will be charging is unknown for now, but the service is apparently completed and almost good to go. According to rumors, Apple has also managed to reach an agreement with two out of the four major labels and have two more to negotiate with.

Apparently, Apple’s service is going to be similar to what Amazon is offering with their digital music locker – users will be able to upload songs and other content that they’ve bought from iTunes to their personal cloud storage, and just stream content from there onto their iOS devices. As usual, with all rumors, take them with a pinch of salt. Though unlikely, there could be a possibility that Apple’s music service could be in a rut like Google’s allegedly music service is as well – we can’t say for sure. But stay tuned for more future developments.

Filed in Apple >Audio >Web. Read more about Apple Inc, Cloud, iOS, iTunes, Music, Service and Storage.

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