Thursday Apple Rumors: Apple Streaming Movies from the Cloud by 2012

Here are your daily Apple rumors and news items for Thursday: iCloud Streaming
Movies Soon: Apple s (NASDAQ: AAPL ) streaming video service exists one day and
disappears the next. It is the bigfoot of the current entertainment business a
lumbering, mythical beast briefly cited stalking Netflix (NASDAQ: NFLX ) and
Amazon (NASDAQ: AMZN ) on the outskirts of the industry. A Thursday report at
CNET said the service is all too real , though, and it should open for business
in the next few months. Apple is said to be finalizing deals with major movie
studios to provide a service through iCloud that is halfway between the current
iTunes sales model and Netflix. Users will buy a movie that is then saved on
Apples servers and can be streamed from any supported device, whether an iPhone
or television. Movie studios already have warmed to this type of service the
new UltraViolet service that allows DVD buyers to access digital versions of
purchased movies via cloud streaming opened this week. Smartphones, Tablets
Outnumber U.S. Citizens: This is how the robot apocalypse starts. According to
CTIA, a nonprofit representing the wireless communications industry, there are
now 327.6 million handheld devices with wireless subscriptions in the United
States a 9% increase over 2010. According to the U.S. Census Bureau, there are
just 312.4 million people in the country. Thus, we officially have too many
toys. The tablet market grew by 17% to 15.2 million as of this past quarter.
Considering Apple controls nearly 70% of the overall tablet market , according
to IDC, the CTIAs report should please Apple shareholders more than most. Grand
Theft Auto Comes to iPhone, iPad: Take - Two (NASDAQ: TTWO ) and Rockstar Games
infamous and profitable video game Grand Theft Auto III is celebrating its 10th
anniversary by coming to Apples portable devices, as well as Google (NASDAQ:
GOOG ) Android handhelds. The violent crime movie satire made the series a
household name in 2001 and helped the series become the fifth-most profitable
franchise in the industry, with 114 million games shipped during the past 14
years. It has to date outsold even Activision Blizzard s (NASDAQ: ATVI )
billion-dollar Call of Duty franchise. As of this writing, Anthony John Agnello
did not own a position in any of the stocks named here. Follow him on Twitter
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