Apple denies iTMS price increase

Updated

MacMinute reports that Apple on Friday denied a report in the New York Post that it plans to raise the prices of some tracks on its iTunes Music Store to US$1.25 a song. “The rumors aren’t true,” Natalie Secqueira, an Apple’s spokeswoman, told CBS Marketwatch. “We have multi-year agreements with the record labels and our price remains 99 cents a track.”

Photo of author

Dennis Lloyd

I'm a passionate, long-time lover of Apple products, and was a civil draftsman and graphic designer before creating the iLounge web site. My prior projects include work for The Los Angeles Times' LATimes.com, and the company Creative Domain, where I developed websites for clients including Columbia Pictures, Disney, Fox Studios, Universal Pictures and Warner Brothers. As the Publisher of iLounge, I direct the site's community forums, photo galleries, iPod User Group, and general business affairs, which have grown under my watch to over sixteen million page views every month. I'm happily married with one daughter, one dog (Rocket the Wonderdog), one cat (Ferris), many iPods, iPhones, iPads, and two turntables.