Apple’s Jobs warns of ‘greedy’ record companies

Apple CEO Steve Jobs today called the major music labels “greedy” for considering a hike in the price of songs on iTunes and warned that such a move would drive users back to piracy.

“If they want to raise the prices, it means that they are getting a little greedy,” Jobs told reporters before the opening of Apple Expo in Paris. “We’re trying to compete with piracy, we’re trying to pull people away from piracy and say, ‘You can buy these songs legally for a fair price,’” he said. “But if the price goes up a lot, they’ll go back to piracy. Then everybody loses.”

Meanwhile, Jon Rubinstein, senior vice president of Apple’s iPod division, said the company was not planning to add radio features to the iPod because there was not enough demand for it.

Share on facebook
Share on twitter
Share on reddit
Share on linkedin
Share on email
Share on whatsapp