9 to 5 Mac is reporting that they have received information claiming Apple is developing an FM radio Application to the iPhone and iPod touch. Reportedly, this application would be very similar to the FM radio functionality featured in the new iPod nanos, which is to say the user could pause music, and tag the songs to later find them in iTunes.
Additionally, the FM radio application would be able to run in the background, while other applications are being used. It is not known if the radio functionality would be integrated into the ‘iPod’ application or would be its own standalone application. Also, the song tagging feature rumored to be included in this functionality, would supposedly integrate directly into the mobile iTunes store for quick purchases.
The holdup on this app is that Apple is trying to integrate the Mobile iTunes Store purchases into the functionality of the program. For instance, if you like a song you are listening to on the radio (and that station supports tagging and you are in the US), you will be able to push a button and see the song (and all of the information around it) in the iTunes Mobile store.
The Broadcom chips already built into each iPhone and iPod touch are capable of FM radio reception, so Apple could theoretically implement this feature with relative ease.
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