Record Industry Pushes Apple to Raise iTunes Prices: "Record labels make about 70 cents per download, and that's more profit than they make selling CDs, according to Apple CEO Steve Jobs. 'If they want to raise the prices, it just means they're getting a little greedy,' Jobs said at the Apple Expo in Paris in September."
Apple Envisioneering Group Director Richard Doherty said: "I would challenge the studios to open their balance sheets and show where they are losing money on this...If digital download costs are going up, the recording industry must be using a different Internet than the rest of us."
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