The New York Post reports that Apple is in the process of building out their own ringtone service. The as yet unnamed service will be unveiled at Apple's September 5th media event where it is also expected that the new line of iPods will be debuted.
So far lack of ringtones has been a glaring omission on the hot iPhone product line. The service will allow users to buy ringtones through iTunes and convert existing song purchases into iPhone ringtones. Pricing details have yet to be revealed but songs from Universal Music Group will not be included in the service.
It appears that the tension between Universal and Apple continues to escalate. Universal previously announced that it's DRM free catalog will not be offered through iTunes.
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