Big Cash Piles in the Tech Industry

This article was written on May 09, 2008 by CyberNet.

cash pile.pngCan you imagine having 20 billion dollars plus in cash, just lying around? Microsoft for many years has been one company in the tech industry that always had at least that on hand. In fact, four years ago they had a whopping $64 billion dollars sitting around. The San Francisco Chronicle recently posted a really interesting article about Microsoft’s cash balance of $26.3 billion dollars, and how that gives them the title of biggest cash pile in the tech industry. They may have some company soon though, because another tech company is creeping up on them. Any guesses of who this might be?

If you guessed Apple, you guessed correctly. Apple’s cash balance has been mounting and recently they hit the $19.4 billion dollar amount. To help put into perspective the growth Apple has seen, it was just four years ago that they had about $5.5 billion dollars in cash at their disposal. A good chunk of that money that they now have is due to the success of the iPod and of course then the iPhone. That got us thinking about where Apple would be if they hadn’t developed and had so much success with the iPod.

You’ve probably heard the “Halo Effect” mentioned in regards to iPods over the last several years. It is used to describe the notion that people who buy iPods may eventually buy a Mac computer and so the sales of Macs are dependent on the success of the iPod. The sales results we’ve seen from Apple tend to show that there is at least some type of Halo Effect going on, and at least some of the millions of iPod owners choose to buy a Mac because of their satisfaction with the music player.

I guess what we’re getting at is that Apple is awfully lucky that the iPod was successful for them because if it turned out to be a flop, there’s absolutely no way that they would be creeping up on Microsoft in the amount of cash they have available. This puts Apple in a really great position because now they’ve got the money to fund and consider acquisitions to help boost their business even further. While they’ve got the money to spend, some have speculated that Apple won’t be doing much with it soon. Andy Hargreaves who covers Apple at Pacific Crest Securities in Portland says, “I don’t really expect them to do anything with it in the near term. I think that Steve Jobs’ experience with this company and the cycles that it’s been through has taught him to be very, very conservative, and save for the rainy day.”

For now there is no rainy day in site, and the piles of cash continue to mount in the tech industry…

Copyright © 2010 CyberNet | CyberNet Forum | Learn Firefox

Related Posts:


The “Blood-Curdling” Name Steve Jobs Wanted for the iMac

Back in November, former TBWA\Chiat\Day creative Ken Segal said that Steve Jobs‘ original name for the iMac would “curdle your blood.” I guessed Macternet, but according to this account, that wasn’t blood-curdling enough. Jobs’ alleged proposal was a lot worse:

Our sources claim that the name that Steve Jobs wanted was… MacMan. At the time, the name was being used by another company, called Midiman. They manufactured the MacMan, a serial-to-MIDI adapter with one input, three outputs, a serial passthrough switch, and MIDI indicator LEDs. According to this account, Apple came to them with an offer for the name, but Midiman’s owner thought they didn’t offered enough ruby rupees. He declined Apple’s offer.

If this is true—and it rings real to me—I’m glad the owner declined. Just imagine if they called that bondi blob the MacMan. We would still be hearing the echoes of the worldwide laughter.

For the same reasons, I hope they don’t go with Apple iSlate (Apple Is Late?). It’s not as bad as MacMan, but it’s almost there.

How Will We Type on the Apple Tablet?

Speculation about the Apple Tablet mostly focuses on what the device is, not how it functions. Text input, more than anything else, is the problem Apple needs to solve to make the concept work. So how will they do it?

CES was rotten with new tablets, some Android, some not, some with fascinating screens, and again, some not. But one thing they all had in common was that they hadn’t quite figured out the text input problem: How do you create text without a keyboard?

The Problem

We’ve been comfortably typing without physical keyboards for years now, and this is largely Apple’s doing. One of the great triumphs of the iPhone was to make onscreen keyboards bearable—something that, even if you hate the concept of virtual keys on principle, you have to admit they accomplished. This works:

Extending this to the tablet, though, would be a mistake. I had a chance to play with a few different sizes of tablets at CES, nearly all of which had traditional onscreen keyboards—in particular, the Android 2.0 keyboard, which is aesthetically different but functionally almost identical to iPhone OSes. None of them worked, at least in the way that I wanted them to, for one reason: they were too big. Seven-inch tablets were too large to comfortably thumb-type on, while 10-inch tablets made text input all but impossible. The onscreen keyboard as we know it doesn’t scale gracefully, and unless Apple wants their tablet to be completely useless (our sources say they don’t) they’re going to have to figure this out. So what are Apple’s options?

Solution 1: A Giant iPhone

Apple has made mistakes before, but to only have a simple onscreen keyboard would qualify as an outright screw-up. QWERTY-style, thumb-actuated onscreen keyboards work on screens up to about five inches, with the 4.3-inch-screened HTC Touch HD2‘s keyboard straining even the most unsettlingly long thumbs. But to assume that this won’t work is to assume that the tablet is to be held a certain way, with hands at four and eight o-clock, more or less like a touchscreen phone in landscape mode. This may not be the case.

What if the tablet is meant to be held with one hand, and controlled with the other? What if it has some kind of kickstand or mount, so you can actually type with both hands, a la a regular keyboard? What if it’s intended to only work in portrait mode, where it would be just about narrow enough to be usable?


Apple’s filed extensive patents about how a large, multitouch onscreen keyboard might work, pictured above, but that doesn’t necessarily mean anything: Apple’s got more patents than the tablet’s got rumors, and most of them never materialized into anything meaningful. The keyboard patent, for example, also includes drawings of an onscreen clickwheel, and a description of how small interface elements, like the minimize/close/zoom buttons in OS X proper, could be handled on a touchscreen—all of which are terrible awkward, and dissonant with Apple’s touchscreen philosophy so far.

Either way, a single, iPhone-esque keyboard really shouldn’t be the primary input method. It could be a supplementary input method, but to have two separate text input mechanisms seems messy, and distinctly un-Apple-y. Lame, half-baked input seems like the kind of thing Steve Jobs might fitfully shitcan a tablet for, actually, but that’s getting awfully speculative, even for a piece about a product that doesn’t officially exist at all.

Solution 2: Voice Control

Apple’s been on covert voice input crusade since it introduced Spoken Interface for OS X which, if you care to look (System Preferences>Speech>Speakable Items “On”) is still there. As it stands, it’s rudimentary—the iPhone’s Voice Control speech recognition is much more accurate—and though there are quite a few customization options, it’s really just a command system, not a full text input system.

Even more developed technologies like Dragon Dictation are still niche products, and honestly, the concept of controlling a computer entirely by voice is kind of absurd. “Open Browser! Open Gizmodo! Post withering comment about Apple tablet story, with these words!” No. Not now, and really, not ever—the computer as a stenographer is an obnoxious concept, held back by practical concerns, not technological ones.

That said, Apple is very proud of Voice Control on the iPhone, and they haven’t removed voice commands from OS X in over five years. It’s likely that there will be some kind of voice input for the tablet, but that it’ll be relegated to the same job it’s held in the past, taking care of the odd command and initiating the occasional script, and not much else.

Solution 3: The Dreaded Stylus

Styli! The very thing the iPhone was so dedicated to murdering could be the savior of the Apple tablet! Just ask Microsoft.

See, the only other tablet booklet device that’s garnering remotely comparable hype is the Courier, Microsoft’s dual-screen concept device leaked to us back in September. The Courier concept is very different from the blurry image we’ve assembled of the Apple tablet—it doesn’t have a keyboard. Unlike the Apple tablet, though, we know how the Courier is supposed to work:
Handwriting. Apple staked an entire device line on handwriting recognition—the Newton—over 15 years ago, so isn’t it conceivable that they’ve, you know, figured it out by now? Before taking another detour back to the patent office, let’s take a moment to recall Steve Jobs’ original iPhone keynote:

Oh, a stylus, right? We’re going to use a stylus. No. Who wants a stylus? You have to get ‘em and put ‘em away, and you lose ‘em. Yuck. Nobody wants a stylus. So let’s not use a stylus. We’re going to use the best pointing device in the world. We’re going to use a pointing device that we’re all born with – born with ten of them. We’re going to use our fingers. We’re going to touch this with our fingers.

This wasn’t a dismissal of styli. This was a dickish, public obsoleting of styli. If I were a stylus, I would refuse to work with Steve Jobs, on the basis of him being a jerk.

And yet, in November of 2009, an Apple patent, this time describing stylus input and clearly showing a tablet-like device, went public. If you have the will and patience to parse a little techno-legalese, go for it:

Upon the occurrence of an ink phrase termination event, the ink manager notifies the handwriting recognition engine and organizes the preceding ink strokes into an ink phrase data structure…The present invention, in large part, relates to the observation that client applications and handwriting recognition software in pen-based computer systems can make far more accurate ink-related decisions based on entire ink phrases, rather than individual ink strokes.

If not, you’ll have to take my word for it: This is basically the Newton’s Rosetta, updated for 2009.

Stylus input would be a stunning break from Apple’s iPod/iPhone finger-only strategy, and to a lot of people it would seem regressive. Then again, if the tablet is a perfectly predictable extension of the iPhone concept, it won’t revolutionize anything at all. I’m still filing this under “unlikely,” but looking at the evidence, I honestly—and surprisingly—can’t rule it out.

Solution 4: A New Style of Keyboard

The safest bet for how Apple will handle the text input problem is not coincidentally the broadest. Any onscreen keyboard would have to be different than the iPhone’s somehow, but to say that Apple’s tablet will have a new style of keyboard is to say that it will have pretty much any kind of onscreen keyboard that is unlike the iPhone’s. This is not very useful! Luckily, we have guidance, from other companies, and even from Apple.

Split onscreen keyboards are neither new nor common, which makes them kind of perfect: the map has been charted, so Apple needs only to explore it.

The most public of the alternatives is an actual, available product called DialKeys. Coopted by Microsoft a few years ago, this tech, which splits the keyboard into two crescent-shaped virtual keyboards, shipped with a handful of touchscreen UMPCs, a category of devices that died off before it had the time to truly solve the onscreen keyboard problem. It wasn’t very good. But the concept had potential, maybe.

Apple is definitely aware of DialKeys, even if they can’t use it—not that we’d want them to, or that they need to, having acquired a company with a similar concept about five years ago.

FingerWorks, a company specializing in touch interfaces and gesture concepts, was forcefully drawn into the Apple family about five years ago. A lot of their touch gestures actually made their way to the iPhone, albeit adapted from touchpad to screen use, according to FingerWorks employees:

The one difference that’s actually quite significant is the iPhone is a display with the multi-touch, and the FingerWorks was just an opaque surface. That’s all I’m going to say there. There’s definite similarities, but Apple’s definitely taken it another step by having it on a display

Interestingly, FingerWorks had a physical product with a split keyboard, which sat over Apple laptops’ regular keyboards, and which promptly disappeared after their acquisition. From the press release, which, mind you, hit the wires in 2003:

The MacNTouch Gesture Keyboard is a complete user interface that serves as mouse, standard keyboard, and powerful multi-finger gesture interpreter. Mouse operations like point, click, drag, scroll, and zoom are combined seamlessly with touch-typing and multi-finger gesture everywhere on the MacNTouch’s surface. Proprietary hardware and software allows pointing right over the keys, thus eliminating the frequent movement of the hand between the keyboard and the touchpad. The MacNTouch has been designed to minimize stress and it gives users unprecedented control of their computer using hand gestures.

Obviously such a product relates to a lot of aspects of tablet input, so let’s zero in on text: it’s exactly what the tablet needs, basically, except it’s not software. The keyboard is split for possible thumb use, it’s capable of gestures, and most importantly, it’s already owned by Apple.

Best of all, the FingerWorks domain, which proudly displays all of these concepts, was pulled from the internet this week. If this feels like a strange coincidence, that’s because, well, it is.

Making Bets

For all the evidence about the tablet’s possible input methods, there’s no standout answer. Apple’s got a thing for voice input, a history with onscreen keyboards, a patent trail and strong lineage of stylus input, and a pattern of suspicious behavior with and towards new keyboard types. We’ve got a handful of cases here, all compelling, and all conflicting. And the takeaway, if you haven’t picked it up yet, is that nobody really knows.

For my money, though, an adapted, possibly split onscreen keyboard is the best bet, and assuming the learning curve isn’t too steep, the most appealing option. But of the options laid out here, it’s by far the most vague—its FingerWorks ancestor is nearly a decade old, conceived in a time before multitouch screens—so the only truly safe bet is that whatever Apple comes up with, it’s going to surprise us.

Steve Jobs to Developer: Name Change ‘Not That Big of a Deal’

ipodboxes

Apple is mighty protective of its iPod trademark, and if you violate it, you’ll get no sympathy from Steve Jobs.

Apple recently sent a letter to software company Little App Factory, requesting that it change the name of its most successful application: “iPodRip,” an app that enables you to copy and transfer songs from your iPod.

In response, John Devor, CEO of Little App Factory, sent a lengthy, emotional e-mail to Jobs. An excerpt:

Dear Mr. Jobs,

….
We are in desperate need of some assistance and we beseech you to help us to protect our product and our shareware company, both of which we have put thousands upon thousands of hours of work into. Our company goal is to create Mac software of the highest quality with the best user experience possible. I myself dropped out of school recently to pursue a path in the Mac software industry, and you yourself have been a consistent inspiration for me.

If there is anything at all you can do with regards to this matter, we would be most grateful.

Best,

John Devor

Jobs’ reply?

Change your apps name. Not that big of a deal.

Steve

Sent from my iPhone

Complying, Little App Factory has since renamed iPodRip to iRip.

That’s unfortunate for Little App Factory, but we have to admit it’s pretty funny Jobs didn’t even take the time to check for correct punctuation. In any case, it’s understandable why Apple is protective of its iPod trademark: It’s the name of one of Apple’s most successful products. From a business perspective, Apple’s legal team has to pursue companies big or small trying to use the mark “iPod.” (On the other hand, it’s more difficult to sympathize for Apple when it’s chasing down companies using the word “Pod.”)

Little App Factory’s full letter is available at CrunchGear, which originally reported this story.

See Also:

Photo: happylandfill/Flickr


Apple Tablet Will Restore Comic Books To Former Glory

“What is it in France they say? ‘America contributed three things to culture: jazz, musical comedy and comic books.'” You can already buy two on iTunes. And if things pan out, you’ll be get the third on the Apple tablet.

Over the last few weeks I’ve been talking to people within the comics industry to try to sniff out Apple’s plans, including Neal Adams, developer of an upcoming motion Astonishing X-Men comic on iTunes, who also told me the French saying. Everyone in Adams’ line of work is buzzing about the tablet and what it can do for their masterpieces.

It’s an easy presumption for comic book fans. The Sun Times’ Andy Inhatko is betting that LongBox, a digital distribution platform for comic books, will make an appearance on Apple’s upcoming tablet. More than just an appearance, really:

I’m pretty sure that Apple is entering into a formal alliance with LongBox. When I asked [LongBox CEO Rantz] Hoseley about what kind of partnerships the company is forming, he spoke vaguely of what was taking up most of his time at the moment: a lengthy and complicated agreement with a seriously large company operating in the media space.

One problem: Several sources I spoke to over the last couple of weeks, including top-level executives at giants like Marvel and DC, have said they’ve not heard a whisper from Apple—despite a nearly desperate hope that Apple would come a-courtin’. One executive said to me, when I mentioned the possibility of putting his comic books on the Apple tablet, “If you’ve heard anything from Apple, please tell them I’m ready to do it.”

That means that LongBox may be the only distribution option for comic books at the tablet’s launch, through some sort of dedicated LongBox app. And if LongBox’s distribution plan for the Apple tablet is just an app, why would they need to do any negotiations with Apple? Launch the LongBox app, sell the content, and go. No Apple nod necessary.

We know that Apple has been reaching out to select publishers. It was Andy Inhatko who passed on the rumor about “trucks loaded with books” earlier this year. It all fits with the moves we already know Apple is making in its outreach to magazine and newspaper publishers. For Apple, the tablet is about cleaning up; with the addition of books, newspaper, magazines and comic books, there isn’t a single vector of mass media that Apple won’t be able to distribute through iTunes. With the success of the App Store—a success I think even Apple wasn’t expecting to such a degree — they’re even a major distributor of software and games.

Oh right, there’s also music and video.

Marvel content, especially, seems like a given. Disney bought Pixar, putting Steve Jobs on the Disney board. Then Disney buys Marvel. Marvel has already dabbled in publishing content through iTunes, with a new “motion comic” version of The Astonishing X-Men hitting iTunes on October 28th.

I spoke to Inhatko on my tiny Apple tablet last week about his story. He’s increasingly persuaded that Apple is content to let print publishers distribute their content through apps, not through the iTunes store itself.

He may very well be right, at least at the tablet’s launch, especially given Apple’s reticence to even acknowledge the tablet’s existence, let alone provide publishers with detailed, unified specifications for an “iRead” format. But it also strikes me as an inelegant solution at best, especially considering iTunes 9’s iTunes LP format is an HTML- and JavaScript-based 720p format that would work just wonderfully for a digital magazine and comics format.

Could just be wishful thinking on my part—I’d rather manage subscriptions through iTunes like podcasts, rather than individual apps—but either way it’s a win for Apple, who will happily get their cut no matter what system of digital print distribution ultimately takes off. If you have any leads on comic book tablet activity, by all means, send us a tip.

There is one shocker I discovered in my discussions with Marvel folk: It’s been confirmed to me that Hulk is stronger than Thor. Chew on that one for a while — at least until you can buy Hulk vs. Thor on iTunes. Excelsior!

Joel Johnson has a blog, but your best bet may be to follow him on Twitter @joeljohnson.

Apple patent application reveals ad-supported OS, desktop Armageddon

You know, a lot of patent applications are company attempts to guard against the future however it might play out. But sometimes they predict the product pipeline as did this application for what ultimately became Apple’s new Magic Mouse. So seeing an Apple patent application for “Advertisement in Operating System” attributed to “Inventor” Steven Jobs himself is enough to send chills up the spine. The idea is to make the OS free or at a reduced cost, something Google knows a thing or two about. Unfortunately, the idea presented would offer “visual or audible” advertisements that “disables one or more functions while the advertisement is being presented.” Ugh.

[Thanks, Mike]

Filed under:

Apple patent application reveals ad-supported OS, desktop Armageddon originally appeared on Engadget on Thu, 22 Oct 2009 05:01:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Steve Jobs says iPod touch didn’t get a camera because “it’s a great game machine”

Wondering why Apple chose to add a camera to the iPod nano, but not the revised iPod touch? You’re not alone, but one Mr. Steven P. Jobs has an answer for you: it’s because the touch is a game machine, you see. Seriously — that’s what El Steve told the inimitable David Pogue today after the Rock and Roll event. According to Steve, Apple wasn’t “exactly sure how to market the touch” at first, but once they listened to their customers and started to focus on gaming, “it just took off.” That certainly explains the “funnest iPod ever” tagline, but still, why no cam? “We don’t need to add new stuff — we need to get the price down to where everyone can afford it.” And… that’s all he said about it, and Poguey didn’t pursue the blindingly obvious followup: that’s great for the $199 8GB model, but does Apple really think customers paying $299 and $399 for the larger editions would be turned off by paying slightly more for a camera sensor? Something tell us we won’t hear Jobs say one more word about it until he’s ready to actually unveil a touch with a camera — at which point it will be a revolution.

P.S.- Make sure to hit the read link for the full interview — it’s short, but it’s full of Steve saying things like “You notice Amazon never says how [many Kindles] they sell; usually if they sell a lot of something, you want to tell everybody.”

Filed under: ,

Steve Jobs says iPod touch didn’t get a camera because “it’s a great game machine” originally appeared on Engadget on Wed, 09 Sep 2009 23:01:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Video: Steve Jobs returns to the Apple stage

At the start of the event today Steve Jobs received a standing ovation from the assembled crowd, and took a moment to thank everybody for their support and encourage us all to be as generous as the organ donor who saved his life. He’s “vertical” now, and claims to be already at work coming up with some “incredible new products” for the future. We’re just glad to have you back, Steve! Video is after the break.

Continue reading Video: Steve Jobs returns to the Apple stage

Video: Steve Jobs returns to the Apple stage originally appeared on Engadget on Wed, 09 Sep 2009 15:24:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Steve Jobs Is Back In The Game, Reappears In iPod Event

And on the third keynote, he speaketh again. And the people rejoiced, and feasted upon the lambs and iPods, and carp and anchovies, and iPhones and breakfast cereals, and fruit-bats and tempura tofu plates. Steve Jobs is on stage:

Yes, yes, I know he is not the Messiah, just a very naughty boy. But Steve Jobs has reappeared in the It’s Only Rock and Roll event, like the rock star he always wanted to be. Hallelujah!

P.S. After watching this event, I’m not surprised that they had to bring Jobs back on stage. I’m afraid, however, that not even His Steveness’ reality distortion field worked this time. What an absolute bore. Not even a surprise performance by Elvis himself would have saved this one. This is not rock and roll! It’s only fluffy 90s pop, and we hate it.

Apple Rumors Abound: iPod Delay, Jobs Keynote, More

3636921327_b81dd9f03b_oApple on Wednesday will host its annual media event, which has traditionally centered on its newest iPods and upgrades to iTunes. On the eve, the Apple community is buzzing with a new crop of rumors regarding the event.

In late August, we treated you to a list of what to realistically expect from this event, including iPods equipped with cameras, a new version of iTunes and the possible return of Steve Jobs as keynote emcee. (And sorry, but we don’t expect an Apple tablet.)

Today’s last-minute predictions include a delay for the new camera-equipped iPods due to technical issues, the death of the iPod Classic, a revised App Store, no Beatles in the iTunes Store, and iTunes in the cloud. As usual, we analyze each of these tidbits and tell you what you can realistically expect.

A Delay for iPods With Cameras
A wealth of evidence and a number of anonymous tipsters have indicated the likelihood that Apple will upgrade the iPod Nano and iPod Touch to include cameras. AppleInsider claims there have been technical issues when testing the camera-equipped iPods, which may delay Apple’s announcement at the event.

While it’s indeed plausible that the cameras are experiencing technical problems, we don’t feel this would delay the announcement. Even if there are issues to resolve, Apple will likely move forward with the announcement, then release the iPods to customers on a later date. The company traditionally enjoys announcing and releasing products at the same time, but that isn’t always the case. For instance, the iPhone 3GS was announced at the Worldwide Developers Conference in early June and didn’t hit stores until June 19. And let’s not forget to mention a widely anticipated feature iPhone customers have been waiting for for months: multimedia messaging, which is finally arriving Sept. 25.

In short, we still expect iPods with cameras to be announced. What else would there be to talk about at an iPod event?

The Death of the iPod Classic
Our colleagues Marco Arment, Harry McCracken and Dan Frakes agree it’s possible Apple will discontinue the hard drive-based iPod Classic, despite a rumor that this model would be gaining a camera. We naysayed the idea of iPod Classics receiving a camera, citing declining iPod sales and plummeting costs of flash-based memory. For the same reasons we’re agreeing that it’s possible Apple will discontinue the Classic altogether.

However, we’re not entirely convinced Apple will discontinue this product. The iPod Classic, as its name implies, carries the form factor that helped Apple break ground. Wouldn’t Steve Jobs wish to continue selling the iPod Classic for the sake of sentimental value? Its hard drive also gives the Classic far more capacity — 120GB — than any other iPod. Here’s what we think is more likely: Apple won’t upgrade the iPod Classic and will continue selling the current model for another year, until flash memory prices drop enough to make a 128GB flash drive affordable.

New and Improved App Store
Forbes makes a vague prediction that the iPhone’s App Store will be revised to better organize the 65,000 apps available for download. During its previous earnings call, Apple said it was working on improving the App Store experience. Thus, the iPod event would be a good opportunity to demonstrate the “fixed” store, Forbes argues.

Given Apple’s recent statement, we agree that’s probable, but we doubt this will be the biggest news. A tidier App Store would be a bigger deal for iPhone developers trying to earn a buck; consumers will likely care more about new iPods.

Beatles in the iTunes Store — Maybe
The Beatles have not stepped foot in the App Store due to a trademark feud: The Beatles’ record label is Apple Corps Ltd., and ultimately the computer company owned the Apple trademark. Some speculated that The Beatles’ songs would finally be for sale in the iTunes Store because the video game The Beatles: Rock Band is releasing the same day as Apple’s iPod event. And make no mistake: Adding the Beatles to iTunes would be a tremendous personal coup for baby boomer Jobs.

However, All Things Digital’s Peter Kafka cites a source who said The Beatles and iTunes will not be coming together at tomorrow’s Apple event. Kafka’s sources are generally pretty solid, so we believe him. Quel dommage.

Update: The Beatles might be heading to the iTunes Store after all. Yoko Ono reportedly told Sky News this will be happening, perhaps at tomorrow’s event. And Wired.com’s Epicenter has dug up clues suggesting The Beatles catalogue will be available on iTunes: digitally remastered versions of Beatles songs have already leaked on BitTorrent for illegal downloading.

iTunes in the Cloud
Many tech journalists agree it’s inevitable that Apple’s iTunes will eventually move toward the cloud: That is, you’ll be streaming your iTunes media over the internet rather than saving it all onto your harddrive. With Apple recently breaking ground on a 500,000 square-foot data center, we agree with this prediction.

We disagree, however, with TechCrunch’s suggestion that Apple will make an announcement about cloud-based iTunes storage as soon as tomorrow. Considering the data center hasn’t even been built yet, it’ll be at least one more year before Apple announces a move toward cloud computing for iTunes.

And that about wraps up our pre-event analysis. Eager about tomorrow’s news? We’ll be covering the event live, so keep up with Wired.com’s live blogging and news reporting here at Gadget Lab. Also, follow @gadgetlab and @bxchen on Twitter to stay plugged in.

Updated Tuesday, 2 p.m. PDT: The Beatles might be heading to iTunes after all, according to new reports.

See Also:

Photo: 1HappySnapper/Flickr