More of my sites

WinInfo Daily News
SuperSite for Windows
Windows IT Pro Magazine
Connected Home
Thurrott Dot Com
Windows Weekly at TWIT

About this site

For six years, the Internet Nexus served as my technology blog, but I've since started blogging at the SuperSite Blog instead. If you're looking for the blog, please head there. --Paul

Tuesday, September 20, 2005

Apple CEO Steve Jobs Attacks 'Greedy' Music Companies Seeking ITunes Price Hike

Associated Press:
Apple Computer Inc. chief executive Steve Jobs vowed Tuesday to resist music companies' "greedy" demands for increases in the prices of music downloads and warned that any such steps would encourage piracy.

Jobs, speaking before the opening of the Apple Expo in Paris, said some record companies were pushing for higher prices on the company's iTunes Music Store Web sites.

By cutting out manufacturing and marketing costs, record companies already make more profit by selling a song through iTunes than on CD, Apple's co-founder and CEO said.

"So if they want to raise the prices it just means they're getting a little greedy," he said.

Jobs indicated he plans to stand firm. "Customers think the price is really good where it is," he said.

"We're trying to compete with piracy, we're trying to pull people away from piracy and say, `You can buy these songs legally for a fair price,'" he added. "But if the price goes up a lot, they'll go back to piracy. Then everybody loses."
[ Posted at 11:53 AM | Permalink ]


Nexus Home | Nexus Archives | Email Paul
Copyright © 2001-2008 Paul Thurrott. All Rights Reserved.