Apple's iTunes may get more expensive

Posted on Monday, August 29 2005 @ 11:25 CEST by Thomas De Maesschalck
Steves Jobs is in talks with at least two of the four major record companies over the price of songs on iTunes, and it looks like this may have nasty consequences for customers.

One of the reasons why iTunes works is because it's cheap, but record companies are quite greedy so they want to squeeze as much as possible out if it. According to CNET the record companies want Apple to introduce a new pricing model based on the popularity of songs.

Currently a song costs only 99 cents but the record companies would rather have a new system which sells hot new singles for $1.49 while golden oldies could go for 99 cents.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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