Steve Jobs had to tell the record industry the very obvious, yesterday. They wanted to raise iTunes prices to over $.99 aong for the popular ones. They said that they're losing money that could be made by it, and Steve refused and told them that if they raise the prices, people are going to resort to piracy.
He told them that they're greedy and said that "record companies already earn more profit from songs sold through ITunes -- cutting out costs of manufacturing, marketing and returns -- than from those sold on CD."
Apple's contract with the record companies are up for renewal soon. But Apple controls like 84% of that market of music players and downloads, so I think there's not much the record companies can do.
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