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Written by tinfoil
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Tuesday, 20 September 2005 17:44
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ArsTechnica:- The runaway success of online music ventures such as the iTunes Music Stores have left many wondering how the music industry would react. As I reported back in April of 2004, music executives have seen the success of the stores, and are rubbing their hands together with glee. Job's original vision of 99 cents a song and $9.99 for an album didn't last long, with the price of albums spreading out to $11.99 and $14.99 in some instances. Then, late last month Infinite Loop covered the impending storm: music industry types have started pointing their fingers at Jobs, alleging that he's only in it for himself, and that his expectations are essentially irrational. Jobs has fired back:
"If they want to raise the prices, it means that they are getting greedy," said Apple's CEO, Steve Jobs. "If the price goes up, they (consumers) will go back to piracy and everybody loses." Read More.
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