May 08, 2004

Apple tries to hold firm on price

As an update to a previous story, Apple is denying the anticipated price increase for iTunes.

"These rumors aren't true," Apple spokeswoman Natalie Sequeira said. "We have multiyear agreements with the labels and our prices remain 99 cents a track."

Apple's commitment to the 99 cent retail price point--which is shared by other music services such as Musicmatch--comes in spite of wholesale prices for music that are already beginning to fluctuate, according to record labels and other download services.

Posted by Casper at May 8, 2004 01:33 PM
Comments