iTunes Music Store

We know he's been feeling the pressure lately, but Steve Jobs lashed out against "greedy" record labels at the Apple Expo today, warning them that any increase in the price Apple charges for downloads from the iTunes Music Store would result in more piracy and fewer profits. He's right, of course — if anything the price of a download should be even less than 99 cents (which is what they charge here in the US) — but the record labels don't see it that way and think that they should be able to charge more money for newer hits than they charge for back catalog.

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Steve Jobs says no to raising iTunes prices