In a final stab at our music industry overloards, Jobs states yet another fact the labels - even after all this time - still don't get: legitimate music services are competing with piracy. As in: they're trying to sell products and services to people who are used to getting them for free - and as we've seen with iTMS, they're doing a fairly decent job. But if prices go up, customers are simply going to turn back to piracy - especially now that word is getting around that the labels make more money from online sales than traditional CD's.
It amazes me that these companies, with all their wealth and marketing research, still just don't get it. Feel free to discuss in the comments, but since I know these topics remain at the center of a heated debate, we just ask that you keep it civilized. After all, it's just the internets.