This week at Apple’s World Wide Developers Conference, Apple CEO Steve Jobs announced a new tool that will let iTunes users store their ripped and purchased music in the cloud, allowing songs to be backed up on Apple’s serves for a flat fee of $24.99 per year. This new storage option, aptly name iCloud, provides up to 5GB of free storage space for everyone who installs the Apple iOS 5 update (this includes iPhone, iPad and iPod Touch devices).

The iCloud service will also be available for users of iBooks. Apple announced that users have already downloads 130 million books from the iBookstore.

Apple’s iCloud will compete with other online storage and data sync services like Dropbox, Box.net and SugarSync. It will allow content to be pushed to various devices, allowing users to wirelessly sync media, documents, calendars, apps and more between their various mobile devices and a Mac or PC.

Read more about iCloud on the official Apple website.

Steve Jobs recently called the iPad “the most successful consumer product ever launched.” He might not be exaggerating since Apple sold 15 million of the devices in the first nine nine months after it was introduced. Last month the iPad 2 went on sale. This faster, smaller and lighter version of the iPad offers a variety of new features, including a faster processor, HD support and front-facing and rear-facing cameras.

A variety of new accessories are available for the iPad 2, including the magnetic Smart Cover (pictured above). However, If you plan on taking your new iPad 2 to the beach, you may want to invest in a water-resistant cover.

Read a full review of the IPad 2 on the MacWorld website.

After months of secrecy and speculation, Apple has finally officially announced its latest gadget – the iPad tablet. Steve Jobs himself unveiled the 10” touch screen device today at an invitation-only event in San Francisco. The iPad is expected to be a player in the e-book market which is currently dominated by Amazon’s Kindle. At the same time, it will serve as a larger version of the iPod Touch and be able to run the hundreds of thousands of apps in the iTunes App Store. Amazon seems to have anticipated this by putting out a call for developers to create applications for the Kindle.

The iPad also has a built-in iPod and can play iTunes music and video content. At $499, it might just give the Kindle a run for its money. You can see Jobs and the iPad in this YouTube video of today’s presentation. For a different take on the subject, see this blog post from The Onion.