Apparently there is a pretty good idea for when the iTunes phone will be released.

Motorola is set to reveal the first product from its partnership with Apple next month with the launch of its iTunes mobile phone at the U.K. V Festival of music. Apple hopes the move will extend its lead in the digital music market. The phone will allow users to take the music stored in their personal computer files and download it onto the Motorola mobile phone using iTunes software.

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