The service replaces MobileMe, a service that stumbled upon its launch in 2008 and failed to gain significant traction.
Jobs promised iCloud would mark a significant improvement.
"It wasn't our finest hour - let me just say that," he said of MobileMe. "But we learned a lot."
The announcement also move Apple closer to what it calls "the post-PC future."
When iCloud arrives, customers will be able to set up new iPhones and iPads just by entering their existing Apple ID and password. They can also create a new account on the device.
From there, customers' mail, photos, music, contacts and other information will download to the new device automatically.
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Announcement moves Apple closer to what it calls post-PC future.
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