Apple to charge for cloud-based iTunes?

Apple will eventually charge a fee for its cloud-based iTunes service, according to a new report. Citing music industry insiders, Cnet reports that while Apple has indicated that it could initially offer the service free of charge, it will eventually require a fee. A pair of reports from last week indicated that work on Apple’s cloud-based music service has been “completed,” and that the company has already secured deals with two of the four major music labels for the service, while company executives push to finalize the remaining deals. The service will reportedly allow iTunes customers to store their songs on a remote server, and access them from anywhere they have an Internet connection. Cnet notes that while an earlier report pegged Apple’s pricing for the service at $20 annually, none of its sources were sure what the company plans to charge.