Steve Jobs takes the stage to discuss the iCloud service at the Apple Worldwide Developers Conference in San Francisco
Apple Inc CEO Steve Jobs takes the stage to discuss the iCloud service at the Apple Worldwide Developers Conference in San Francisco, California, June 6, 2011. Apple Inc CEO Steve Jobs strode back into the spotlight on Monday to unveil the iCloud, a music-streaming service that the company hopes will power its next stage of growth and popularize Web-based consumer services. Reuters

With the launch of Apple’s new iCloud, MobileMe subscription will be extended to June 30, 2012, “at no additional charge”.

Apple is keen that users sign up for cloud-based new product, iCloud in order to keep their MobileMe e-mail addresses, mail, contacts, calendars, and bookmarks. It has reminded them that the iCloud will be free for iOS 5 and OS X Lion users.

The company did not say what will happen to MobileMe’s iDisk, Gallery, and iWeb services.

Apple has notified the extension of the service by e-mail to the current MobileMe subscribers stating that the service would no longer be available after June 30, 2012.

The company has been drawing down the $99 MobileMe product from online and brick-and-mortar stores for some months now, hinting at the shift of files to a data center.

While unwrapping the iCloud on Monday at the Worldwide Developers Conference in San Francisco, Steve Jobs said MobileMe launch was not Apple's finest hour.

After the launch of MobileMe, Jobs had reportedly berated the MobileMe team, You've tarnished Apple's reputation. You should hate each other for having let each other down, reported Apple Insider.