Tuesday, September 20, 2005
Steve Jobs Accuses Music Industry of Being Greedy
Posted by Kent Pribbernow in "NEWS" @ 04:00 PM
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Jobs is absolutely correct in his assertions. I've heard many arguments in support of raising prices, some of them quite credible, but the bottom line is that a price expectation exists in the minds of consumers. They are only willing to invest X amount of money in a single track. Apple correctly recognized that price point to be a dollar per song, or somewhere thereabouts. Raising prices to say..$1.50 or more per track is only going to switch people off the idea of legal downloads.
As usual, the music industry wants a bigger slice of the revenue pie. Let them eat cake, I say.