Ending a public catfight where Apple CEO Steve Jobs called various music industry type “ grasping , ” Apple has signalise up again with four major record book labels ( Universal , Warner Music , Sony BMG and EMI ) , agreeing to stay selling case-by-case song for $ .99 apiece .
The track record company fought the iTunes unmarried - price concept , assay to advertise Jobs to accuse gamey prices for newer releases . Since iTunes holds 80 % of the music downloads marketplace , Apple is the 800 - pound gorilla in that market . But then those downloads only account for 5 % of the revenues of the recording manufacture behemoths , a issue that ’s reportedly in mid - plosion right about now .
orchard apple tree set tune for pricing of song downloads[Financial Times ]
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