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Did Apple Just Buy iCloud for $4,500,000?

With Apple products these days, it's all about the i. Besides the MacBook, it's i everywhere – the iPhone, iPod, iMac, iTunes, iPad, iAds, iOS… Naturally, Apple will continue with this naming convention.

Word on the street is that Apple is prepping an online storage, music streaming and cloud service. What better to call it than iCloud? We're sure that's what Apple thinks, and GigaOM reports that Apple may have purchased the domain for around $4.5 million.

CloudMe, the former owners of iCloud is a Swedish cloud storage company. The owners of CloudMe, Xcerion, declined to confirm or deny why it changed its name and domain, but AllThingsD is pretty sure that it was all Apple's doing.