NEW YORK (

TheStreet

) --

Apple

(AAPL) - Get Report

is gearing up Tuesday for an "exciting announcement" related to iTunes, according a post on its website.

"Tomorrow is just another day," the note said, "that you'll never forget."

The announcement is rumored to be related to a cloud-based iTunes service where music would be stored on Apple's servers and streamed to users from any connected device. Earlier this year, Apple acquired -- then shuttered -- online music retailer

Lala

, leading to speculation that its cloud-based technology would be integrated into iTunes.

The service could also be supported by Apple's $1 billion new data center in North Carolina, expected to be completed by the end of this year.

On Friday, Apple released a new version of iTunes in preparation for the release of its updated iOS for the iPhone, iPad and iPod Touch.

iTunes 10.1 includes AirPlay, which allows videos to be wirelessly streamed to AppleTV, as well as stability and performance improvements.

The media player is compatible with iOS 4.2, which is rumored to have

been delayed due to WiFi issues

.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to

http://twitter.com/Ozoran

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