Apple: The Song Price Remains the Same

Apple Computer revealed this week that its negotiations with the major record companies were a success, at least from its standpoints: The company has renewed its contracts with all four of the largest record companies and will retain the 99 cent price per song for downloads from the iTunes Music Store. The record companies had hoped to convince Apple to move to a variable pricing scheme, in which newer songs cost more than 99 cents and older titles cost less. Apple cheers this news, but the truth is that the record companies, in a strange way, probably had the better scheme for most consumers. Ah well, at least Steve Jobs will have yet another accomplishment to brag about

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