Amazon's new 'Cloud Drive': Better than iTunes?

The online retail giant races ahead of Apple and Google by launching its own online music player and storage locker

Many believe that the concept of interacting with the "cloud" (internet-based files and software) rather than a harddrive is the future of computing.
(Image credit: Amazon)

On Monday, Amazon launched Amazon Cloud Drive and Amazon Cloud Player, an online storage locker and music player, respectively. What exactly are these new offerings, and what do they mean for consumers? Here a brief guide:

OK, first things first. What exactly is "cloud computing?"

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