Reuters is reporting that Apple has “completed work” on their cloud based music service before Googles similar project.

Apple Inc has completed work on an online music storage service and is set to launch it ahead of Google Inc, whose own music efforts have stalled, according to several people familiar with both companies’ plans.

Apple’s plans will allow iTunes customers to store their songs on a remote server, and then access them from wherever they have an Internet connection, said two of these people who asked not to be named as the talks are still confidential.

Sources are saying that Apple still have not signed any major labels to new agreements, supposedly Apple has not informed the record labels yet, they were waiting to get it launched and ready.

Technorati Tags: Apple cloud based music service