"Apple during its media event next Wednesday plans to unveil a new ringtone service that will allow iPhone users to turn almost any song sold through iTunes into a ringtone for an additional fee, according to the NY Post. Apple, music labels to offer ringtones Apple and the major music labels are preparing to sell customizable ringtones to iPhone customers via the iTunes Store, according to a report from the New York Post. Apple will likely announce the new service when it unveils new iPods, and that could be as early as next Friday. Apple is currently working with record labels to ink a deal that would allow users to turn almost any song sold through its iTunes Store into a ringtone for a fee. Specific pricing remains unknown, but current carriers typically charge between $1.99 and $2.49 for each ringtone. Apple will allow users to convert songs already purchased from the iTunes Store into ringtones, and iPhone users will be able to select any part of a chosen song to serve as the ringtone. That option contrasts with current ringtone deals from carriers like Sprint and Verizon that only offer pre-determined song samples. Apple is also planning to offer traditional ringtones for users who are uninterested in custom tones, according to the report. Experts expect Apple's ringtones to work exclusively with its recently launched iPhone handset."