Google to Launch Music Store to Compete With iTunes

Google is set to launch a Music Store that will compete with the iTunes Store, according to Bloomberg.

The service, scheduled to be unveiled at a Google event in Los Angeles today, will let users store songs online and listen to tracks on multiple devices, people familiar with the matter said. Apple opened the iTunes store in 2003 and made popular the legal downloading of music from the Internet.


The site and analysts believe that Google's late entry into the market will make it difficult to compete with Apple.

"They're coming into this market rather late in the game, where there are large, established players," said Ray Valdes, an analyst at Gartner Inc. in San Jose, California. "You can say it's a saturated market."