The New York Times is reporting that Apple wants to offer ringtones and other mobile music content for the iPhone and is talking to some of the major labels about the prospect.

Citing a label executive, the Times said Apple is looking to announce something in June. It would make sense for such an unveiling to coincide with Apple's developer conference in early June, which is when CEO Steve Jobs is expected to launch the highly anticipated 3G iPhone.

Apple, of course, isn't commenting on the speculation.