Apple CEO Steve Jobs slams 'greedy' labels

Jobs slams some music labels, calling them 'greedy'

Apple Computer chief executive Steve Jobs has slammed some music labels, calling them “greedy”.

Recent reports have revealed some labels have been attempting to force Apple to change the prices it charges on iTunes. And one label wants higher prices, confirmed Jobs. But Jobs is putting up a fight.

“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 says.

Jobs says: “If they want to raise prices they are getting greedy.”

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