Steve Jobs attacks record firms

By Derek Sooman on September 21, 2005, 7:28 PM
Apple's chief executive Steve Jobs has said that a number of gluttonous record companies are pushing for increases in the price of music downloads, and that he, Jobs, will resist such pressure. According to Jobs, music firms are pushing for higher prices on Apple's iTunes internet music store, something Jobs refuses to let happen. He claimed that these companies already make huge profits anyway, and that they make a bigger profit through iTunes than in CD sales.

Mr Jobs said that by cutting out manufacturing jobs, selling through iTunes was already proving lucrative for record companies.

"So if they want to raise the prices it just means they're getting a little greedy," he said.

Jobs claimed that customers think the price is really good where it is, and that to compete with piracy prices have to remain low.

"But if the price goes up a lot, they'll go back to piracy. Then everybody loses," he said.

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.