Editor's note: On Monday, June 6, 2011, Apple CEO Steve Jobs unveiled the iCloud, a music-streaming service that Apple hopes will power its next stage of growth and popularize Web-based consumer services. You can read how Mr. Jobs unveiled the iCloud and more when he gave the keynote address at Apple's Worldwide Developers' Conference in downtown San Francisco's Moscone Center. The beginning starts at the bottom of this post.
3:01 PM/ET: About music on iTunes: iTunes Match service.
Apple will automatically scan your ripped CDs and match them with iTunes. It will upgrade uploaded songs. The Match service will be $25 per year.
That price holds for 5000 or 20,000 songs.
"It's an industry-leading offer, let's put it that way."
"If you don't think we're serious about this, you're wrong," Jobs says. He's showing photos of one of the iCloud data centers in North Carolina.
Jobs is now wrapping up.
He thanks everyone for coming.