Jobs on "greedy" labels, iPod nano

Macworld UK reports that Apple CEO Steve Jobs told the press at Apple Expo this morning that greed is the only reason record companies would raise prices for music. Recent reports have suggested some labels have been attempting to force Apple to change the prices it charges on iTunes. “The labels make more money from selling tracks on iTunes than when they sell a CD. There are no marketing costs for them. We are competing with piracy, so it needs to be a fair price: If the price goes up people will go back to piracy,” he warned. Jobs also stated at the expo that the company chose to launch the iPod nano early to prepare for the holiday season. “We launched the iPod nano two weeks ago rather than at the Apple Expo because in the run-up to Christmas every week counts. The launch had been planned for over a year”, he confirmed.

Filed under: iPod, industry