Cult of Mac:

Jimmy Iovine has devoted recent weeks to meeting senior execs at major and indie labels to talk about the new music service that will launch by summer at the latest and come alongside a major redesign of the iTunes Store as the company struggles to adapt to decline music sales.

Looks like the fruit company is set to pull an Apple on the music streaming market. Yes, there are tons of music streaming services out there, but if Apple gets this right (especially with a little added insurance), it could easily become the go-to music service.

That Beats acquisition is starting to pay off.