Petteri Pyyny
7 May 2004 13:52
Apple has denied the rumors that they've been forced to hike the prices on iTunes songs from the current levels of $0.99 to $1.25. Earlier today, New York Post reported about the upcoming price hikes, stating that "big five" record labels have forced Apple to push up the prices of single downloads in its service by 26 percent.
"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."
However, many album prices at the service have been pushed up -- originally virtually all albums were sold at $9.99, but nowadays some albums are priced at $16.99, which makes them more expensive than the physical CD equivalents in the United States.
More information:
Reuters via Forbes
NY Post