Saturday, November 28, 2009

iTunes Music Prices

iTunes may be lowering their prices according to an article I came across. A new service called "TunesPro" has launched, and it offers single songs for $0.19 and albums for as low as $2.00. With the current prices on iTunes, many hit songs are $1.29, that is over 2/3 the price of an entire album for TunesPro.
While this new service might make Apple investigate as to whether or not they need to modify their business structure in any way, I highly doubt it will result in more than a slight reduction in their prices. Their market share is not likely to dwindle in the digital downloads market. They already have a dedicated following from average music listeners, Apple fanboys (and girls), and other consumers.
Similar services like TunesPro seem to pop up ever few months and then fall apart quickly. It will be interesting to see how long they stay in business. To see what the level of quality is in their services that they offer will be another thing to watch as well.

- Derek Jenkins

1 comment:

  1. $2.00 for an entire album is way cheap! it will be interesting to see what itunes decides for their prices. but i feel like they just raised their prices...and so now theyre gonna significantly lower them?