Despite of previous reports and rumours floating around the net, Apple denied today that they're planning to raise prices for songs and full albums sold on its popular iTunes online music store.

"These rumors aren't true," said Apple spokeswoman Natalie Sequeira. "We have multiyear agreements with the labels and our prices remain 99 cents a track."

Apple's music store recently celebrated its one-year anniversary setting a milestone of 70 millions songs downloaded during that timeframe.