Steve Jobs says the music industry is too greedy because they are considering to bump up the price of digital audio downloads, a move which may drive users back to piracy he says.
"If they want to raise the prices, it means that they are getting greedy," said Jobs, chief executive of Apple , at a news conference in Paris on Tuesday.Jobs was also skeptical about mobile downloads of music on cell phones, because for consumers it is cheaper to download songs on their computer and transfer them later to their cell phone.
"If the price goes up, they (consumers) will go back to piracy and everybody loses," he said.
Mobile phone operators, however, expect music downloads to be a significant driver of revenue growth after having invested heavily in technology and infrastructure to support the service.Jobs also said Apple is on track to deliver the first Intel x86 processor based Mac systems by June 2006 and to equip all of its computer with Intel chips by the end of 2007. He also added Apple now has a 4.5 percent share of the U.S. PC market and 3 percent globally.
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