Steve Jobs attacks record firms

By Derek Sooman on
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.

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