With no new iPhone, Apple rocks music industry with iCloud

For the first time since 2006, Apple (AAPL) did not show off a new iPhone to open the company’s annual Worldwide Developer’s Conference. Instead, Steve Jobs today officially unveiled Apple’s iCloud music and media storage service as well as new operating software for Macs and mobile devices.

“We're going to move the digital hub, the center of your digital life, into the cloud,” said Jobs. “This is the first time we’ve seen this in the music industry... I buy a song, it goes everywhere.”

While these updates don’t offer any revolutionary improvements, the many enhancements and tweaks will surely be welcomed by Apple fans.

Jobs went on medical leave in January, but made a public appearance in March to announce the iPad 2. He appeared visibly thinner than during his last public presentation three months ago. Read more...