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 TMO Headlines - Updated February 27th

Mon, 5:11 PM
Apple gets the Upper Hand on Qualcomm Thanks to Intel's CDMA Chips
Mon, 3:53 PM
TMO Background Mode: Interview with CNET Senior Editor & TV Reviewer David Katzmaier
Mon, 2:08 PM
Why Apple Might Discontinue the Mac Pro - TMO Daily Observations 2017-02-27
Mon, 12:06 PM
FRESHeBUDS Air Bluetooth 4.1 Earbuds
Mon, 11:34 AM
New Drone Footage Shows Nearly Complete Apple Park
Mon, 11:10 AM
AT&T Revamps Unlimited Data Plans with Tethering, Lower Prices
Sun, 10:47 AM
How do I choose a UPS? – Mac Geek Gab 646
Sun, 1:15 AM
Get Free Bitcoins from 11 Faucets That (Still) Pay
Sat, 9:42 PM
How to Turn Siri into a Metronome (Video)
Fri, 10:17 PM
Stanford's 'Developing iOS 10 Apps with Swift' free on iTunes U
Fri, 8:20 PM
iPhone Screen Repairs By Third Parties Now Get Some Warranty Coverage
Fri, 7:56 PM
Amazon Goes with First Amendment to Protect Alexa Recordings
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!