10/25/2005, 9:40am, EDT
Tuesday, October 25th
Apple sells 600M songs, claims 80 percent marketshare
"Our view is that our biggest competitor is illegal music and P2P services. We always thought that if we offered a better alternative then those customers would be happy to pay. Obviously … we will never be better than free … but we think AU$1.69 is a very competitive and fair price to pay."
Cue, however, refused to comment on the absence of songs from Sony BMG artists, only saying that the company has worked hard to expand iTunes and that it is still trying bring music from Sony artists to iTunes. "We are working with Sony and we know their artists would like to be a part of the launch and we hope they will join us".
Apple will sell singles at AU$1.69 per track and albums will cost around AU$16.99. Music videos are also available for download at AU$3.39 each.
Filed under: industry
Other story tags: digital music/video
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It simply costs less thermodynamicaly (applied to conservation of my money) to use itunes. When stealing becomes as simple as itunes the pendulum will swing back.
Regards
Competitive it isn't. HMV music stores are selling the CDs you list for $20+ significantly less. Metallica's St. Anger CD at HMV is $9.99. If iTunes were to sell it the cost would not be less than $16.99.
Also, I'm not sure about this million song catalogue. The Rock and Alternative genres each list less than 20 albums.