Apple plans an overhaul of iTunes that “would mark one of the largest changes to the world’s biggest music store since its 2003 debut,” reports “Bloomberg” (, quoting unnamed “people with direct knowledge of the matter.”

The article says Apple will unveil the changes by the end of 2012. The company will more closely integrate its iCloud file- storage service with iTunes so users can more seamlessly access and manage their music, videos and downloaded software apps across different Apple gadgets, says “Bloomberg.” Additionally, Apple also purportedly plans new features for sharing music.