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Pandora and others like it look like they’ll be toast once Apple launches its music streaming service — which will be a part of iTunes.

The proverbial 800-pound tech gorilla is in negotiations with record labels to make this happen. They are betting on the fact that with consumers being plugged in all the time, they will start to move away from owning music files to simply playing them off the Web.

Similar to the streaming stations you already love like iheartradio, Pandora, and Spotify, Apple would provide an experience where users can listen to music based on artist, favorite song, genre, or other information. Apple hopes to bend the rules when it comes to the regulations its competitors must abide by.

What does this mean for you? You can listen to more songs by your favorite artists in an hour than with any other streaming site.

Already excited for this potential service? Well, you better hope you are equipped with an Apple product — the service is said to be focused on the mobile platform — which includes the iPod Touch, iPhone, and iPad. This means all you Android users and Microsoft lovers will be left in the dust.

While most of this is still rumor, hopefully we will see the release of this service when the next generation iPod is released.

For more details check out full coverage from Gottabemobile.com here:

Apple Readying iTunes Music Streaming Service to Challenge Pandora