CNET is reporting today that Apple is planning to hold off on releasing its rumored music streaming service until the third quarter of this year.
Music industry sources told CNET this week Apple has informed label managers that a streaming music service is unlikely to be ready before the third quarter.
It will be a disappointment for iTunes fans who have been speculating as to when Apple might use music site Lala--which Apple acquired in December--for its streaming expertise to launch a cloud-based music service.
Apple recently purchased Lala, a online music streaming service and since the acquisition, Apple has been rumored to be planning to move iTunes to a cloud-based application.
