The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Denies iTMS Price Hike Rumor

TMO Reports - Apple Denies iTMS Price Hike Rumor

by , 2:45 PM EDT, May 7th, 2004

Apple Computer is categorically denying a published report that it plans to raise prices on some music tracks on its iTunes Music Store to US$1.25 a song.

A story in Friday's New York Post quoted unnamed sources as saying five major record labels - EMI, Bertelsmann Music Group (BMG), Sony, Universal and Warner - have been in negotiations recently with Apple over pricing and that prices for some of the most popular singles could rise as much as 26 cents a cut.

"These rumors are not true," Apple's spokeswoman Natalie Sequeira, told The Mac Observer, Friday. "We have multi-year agreements with the (record) labels and our price remains at 99 cents a track."

Ms. Sequeria would not discuss specifics of the individual contracts with record labels, such as when they expire.

Based on its own internal, proprietary numbers compared to the total number of downloads reported by Nielsen/SoundScan, Apple estimates it controls 70% of the legal download market for singles and albums. The company said it now has more than 700,000 music files available for sale with the majority selling for 99 cents.

Recent Headlines - Updated November 24th

Mon,3:15 PM
BBEdit on Your Mac: Trick Text Files into HTML Syntax Coloring
2:33 PM
TMO Daily Observations: 2014-11-24
11:24 AM
FCC Chairman on Net Neutrality Rules: We’re Going to get Sued
9:30 AM
Sponsor: MacX DVD Ripper Pro Giveaway
9:12 AM
Apple Launches Apps for (RED) Campaign for World AIDS Day
Sat,10:30 AM
iPhoneography 101: Essential iPhone Camera Apps
Fri,6:57 PM
Apple Makes ‘Things for iPad’ Free for a Week
6:47 PM
Judge Approves Apple iBooks $450 Million Antitrust Settlement
5:54 PM
100 AA and 52 AAA Duracell Batteries for $59.99 [Extended]
5:18 PM
Use a PDF to See How Big Apple Watches Really Are
4:45 PM
Why Every Estimate for Apple Watch Sales in 2015 is Completely Wrong
4:30 PM
‘Kingdom Rush Origins’ Tower Defender Released for iPhone and iPad
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!