Apple is not prepared to launch its in-the-works cloud-based movie streaming and re-downloading service, as licensing agreements with a number of major Hollywood studios have reportedly not yet been secured.

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Apple will soon fully launch its long in-the-works "iTunes Replay" service that will allow users to re-download and potentially stream purchased content, including Hollywood movies, a new rumor claims.

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Apple may be looking to grow its share of the video market through an aggressive acquisition, as sources have reported that the company is considering placing a bid in an auction for the popular streaming video service Hulu.

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With Mac OS X Lion now unleashed on the Mac App Store, Apple has also introduced a new version of iTunes that is both 64-bit and full-screen capable, in addition to full-screen version of iWork that will also leverage several other Lion features [update: now available].

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When asked about the level of content available on the iTunes Store, Apple Chief Financial Officer Peter Oppenheimer revealed that the company plans to offer "neat stuff" in the next quarter.

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Apple has amended the terms and conditions of its iTunes store in Taiwan, granting users a 7-day return window in compliance with local laws.

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Starting tomorrow, the much-anticipated European streaming music service Spotify will compete with iTunes on Apple's home turf, offering "any track, any time, anywhere" for free.

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Having recently hit the 15 billion download milestone, a new analysis has found that downloads from Apple's iOS App Store will increase 61 percent in calendar year 2011, while the average selling price of software will be up 14 percent.

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In spite of initial skepticism from industry watchers, Apple’s annual Back to School promotion is off to a strong start, pushing a fourfold increase in Mac sales over that of Windows PCs by college students in some circles.

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Apple as early as this fall may choose to test the waters for 1080p video sales through its ubiquitous iTunes service, AppleInsider has been advised.

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Apple's ubiquitous iTunes Store and its associated services are forecast to generate a staggering $13 billion in revenues during the company's fiscal 2013, growing at an expected rate of nearly 40% over the next three years as publishers trend towards its iBook format.

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Popular music streaming service Spotify has officially announced it is coming to the U.S. "soon," but no date has been given for when the service will launch and compete with Apple's iTunes Music Store.

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Apple has released a new application for iOS devices that will allow users to stream live performances from the iTunes Festival London 2011, and even watch them on an HDTV via AirPlay.

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A new survey of iPhone users indicates that Apple's iCloud service could gain 150 million users, while nearly as many are also interested in using iMessage.

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Unlike its current MobileMe service, Apple's iCloud will seamlessly resolve file conflicts that occur between devices, while backing up each version of the file, one insider says.

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Apple has issued a new build of Mac OS X 10.6.8, and European music streaming service Spotify is finalizing deals for a U.S. launch. Also, a new study found that iTunes' share of the online video market is 9.8 percent, compared to Netflix's 24.5 percent.

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As expected, Apple on Thursday began its annual back-to-school sale, offering students a $100 Mac App Store gift card along with the purchase of a qualifying Mac.

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Apple's annual back to school promotion for college bound Mac buyers begins tomorrow, offering a $100 iTunes Store gift card rather than bundling a free iPod as it has in previous years.

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The costs associated with maintaining the iTunes Store and App Store have grown to more than $1.3 billion a year, according to one estimate.

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Apple's new iCloud offering will not only offer iPhone users an experience untethered from iTunes, but will also be a timesaver for the company's retail store employees dealing with customers who have never synced or backed up their devices.

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