Samsung Preparing Online Music Store

Samsung will reportedly open a music store similar to Apple's iTunes in the coming months, according to an Associated Press. Choi Gee-sung, the company's digital media chief had said previously that Samsung's standing in the industry was hurt by the lack of a complementary music store like the iPod-iTunes marriage.

No announcement has been made as to an official launch date, however Samsung would call on its partners worldwide to help promote the service. Samsung said it expects to sell about 3.7 million players this year, but thinks it can do better. Despite potentially becoming a rival to Apple, Samsung's memory division has close ties to the Cupertino company and supplies the flash chips used in the iPod Nano.