RUMOR: Apple Purchases 'iCloud' Domain Name for $4.5M
In what may serve as further evidence of an impending cloud-based iTunes service, a new report claims Apple has purchased the iCloud.com domain from the Swedish company Xcerion for $4.5 million.
GigaOM reported late Wednesday that a source familiar with Xcerion claims that the desktop-as-a-service company sold the domain to Apple. Earlier this month, Xcerion rebranded its iCloud service as CloudMe and moved its website to CloudMe.com.
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Mike Gallagher
Freelance writer with a passion for travelling
