Why Apple Paid $4.5 Million for iCloud.com?

Author: Aman Milwani
Published: May 01, 2011 at 6:14 am
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It only been a few days since Apple purchase iCloud.com for a whooping $4.5 million.

Everyone was surprised and did not understand why Apple paid such a huge price for just a domain.

It was well-known that Apple would use it wisely but, in what way, no one knew.

Some reports have starting coming which help us understand why Apple bought iCloud.com for such a high price:


Reason 1: The previous owners of iCloud.com, Xcerion also own or owned a lot of other domains like:

1.iCloudNews.com
2.iCloudos.com
3.icloudos.net
4.icloudos.org
5.iCloud.org
6.LiquidCloud.com
7.iCloudBlog.com
8.LeadCloud.com
9.AlbumCloud.com
10.LiquidCloud.net
11.LiquidCloud.org

It is quite possible that Apple has bought all of the above domains in a package and paid $4.5 million for the complete package. In this case $4.5 million seems to be reasonable amount.

Reason 2: According to some rumors Apple is integrating a service in its upcoming iOS 5 and Mac OS lion called iCloud. This service will very similar to the MobileMe service-bookmarks, email, contacts and iCal events.

To improve upon the service it is expected tha Apple will provide a complete cloud based service for storing audio.photo and video.

To use the name iCloud for a cloud storage service Apple might have paid royalties of $4.5 million.

 
 

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Article Author: Aman Milwani

16 year old tech blogger

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