Apple closer to launching new iTunes

Apple will launch a new version of iTunes later this year, according to a new report from Bloomberg.

The report follows several others indicating Apple would be launching a new version of its music and media management software by the end of the year.

The new report claims the new version of iTunes will integrate more closely with iCloud, allowing users to manage all their cloud-based content across various devices.

The report also claims Apple has been working with record labels to introduce a feature that would allow users to share music with a friend, while better social networking integration with Facebook and Twitter is also expected.

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