More of my sites
WinInfo Daily News
SuperSite for Windows
Windows IT Pro Magazine
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
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.
[ Posted at 11:53 AM | Permalink ]
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."