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Reload this Page Apple Ceo Weighs In On Itunes Price Hike

 
 
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Old 20th September 2005
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Posted: September 20, 2005 at 12:44 p.m.

CUPERTINO (KRON) -- Apple will resist record label's demands for price hikes on its iTunes music download website.

Apple chief Steve Jobs says some record companies want an increase for each download, which currently costs 99 cents a song on the U.S. iTunes website. Jobs says music companies are greedy and that raising prices will encourage piracy.

He also believes record labels already make more profit by selling a song through iTunes than on a CD.

Report Courtesy of KRON 4, San Francisco, CA
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