WSJ reaffirms Apple’s purchase of domain

Unnamed industry sources have come forward, confirming Apple’s rumored purchase of the domain from Swedish cloud computing company Xcerion, writes John Paczkowski onThe Wall Street Journal’s Digital Daily blog.
Apple has indeed acquired the domain name from Sweden-based hybrid cloud computing outfit Xcerion. Sources in position to know confirm that Apple bought the domain as GigaOm first reported Thursday, though they declined to say whether its rumored $4.5 million price tag was accurate.
Looks like Apple’s rumored new cloud service is slowly coming into full view…
If the news is true, there’s a reasonable likelihood that Apple’s subscription cloud service dubbed MobileMe might be re-branded as iCloud, fitting the company’s iNaming product scheme. Whether or not the iCloud service is connected to cloud iTunes or just a re-branded MobileMe remains to be seen.
Some publications like CNET have indicated that MobileMe either won’t be entirely free or will initially be free and later cost $20 a year for premium services, such as cloud storage and digital locker.