Steve Jobs Warns “Greedy” Music Industry Against Music Download Price Hikes

Record companies floating the idea of a price hike from the iTunes standard $0.99 a song in the U.S. should think again, according to Apple CE0 Steve Jobs. “If they want to raise the prices, it means that they are getting greedy,” Jobs said today at a Paris press conference covered by Reuters. “If the price goes up, they (consumers) will go back to piracy and everybody loses.”

– Jobs also made it clear he views iPod’s tentative entry into the phone market as an experiement. “It is not clear that buying songs over the air makes economic sense. I am skeptical because of the cost … but we will see.” No iChatter about an actual iPod phone. “We do not say anything about future products. We work on them in secret, then we announce them.”

– iPod exec Jon Rubinstein safd– the company wasn’t planning to add a radio because there isn’t enough demand.

Comments have been disabled for this post