Steve Jobs Will Break Medical Leave To Debut Apple's iCloud

Apple chief executive Steve Jobs, who is currently on his third medical leave, is expected to break his medical leave to unveil the company's new cloud service, dubbed iCloud, at the World Wide Developers conference today, CNET reports.

Its not everyday when Mr. Jobs makes a public appearance like this, especially while in the midst of a medical leave. Hence the significance of this new, hugely anticipated offering by the company, can be easily understood.

iCloud, which is basically a content sharing service on the cloud, will provide iOS users with a music-streaming platform similar to what Spotify offers in Europe. Apple reportedly joined hands with the big-four labels in the music industry (EMI, Universal, Warner Music and Sony) to enhance iCloud's services.

It is not clear at the moment though whether Apple is going to make the music streaming functionality available outside the US.

The 56 year old chief executive is also likely to demonstrate the new version of Apple's iOS, but almost no one expects the new version of the iPhone to be put on display until later in the year. Most observers think that Apple is planning to make the new iPhone available during the Christmas season to boost seasonal sales.