Apple buys Lala

In a very interesting move and sign of things to come, Apple confirmed that it has bought Lala.com for an undisclosed sum. With these Apple enters into streaming music which would increase its revenue. Lala.com has about 8 million songs available for streaming and purchase. Users can listen to a song in full before buying. Unlimited plays of a song on the Web cost 10 cents, and an MP3 download can be had for an additional 79 cents (as against iTunes price which ranges from 69cents to $1.29 per song.