Apple Refutes iTunes Price Hike

Apple Computer is refuting press reports that that prices for some of the most popular digital tracks on iTunes could rise from 99 cents to $1.25.

Apple Computer is refuting press reports that that prices for some of the most popular digital tracks on iTunes could rise from 99 cents to $1.25.

"These rumors aren't true. We have multi-year agreements with the labels and our prices remain 99 cents a track," the company said today in a statement.

Label sources also downplayed the prospect of individual track prices going above $1 anytime soon. They noted while album prices are variable, singles look to hold steady at 99 cents - for now.

"We want to make sure we don't slow the market down," says one label official.

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