Itunes Changes Its Prices

You know the economy is in trouble when even a $.99 price sticker gets revamped. Most Itunes used to sell for .99, but recently in the news, Apple announced that it would be changing the price of Itunes. Now songs will cost somewhere between $.69 and $1.29. Also, songs won't come with the copy protection software they used to. Who knows if the music industry put a strong arm to Steve Jobs and the crew about the low price of Itunes.

For some time, record companies have been pushing for Apple to do something about its cheap prices. And now the bottom has fallen out for consumers. $0.29 cents more for a single song doesn't seem like a whole lot, but it will seem like quite a bit for those of us who like to download ten to twenty singles at a time.

So...yes siree the economy must be in quite a slump. I feel like it was just yesterday I learned I no longer had to lower my standards and revert back to my college days of using sketchy software like Kazaa and Limewire to download my favorite songs. And everyone knows of the few Napster horror stories that circulated the news back in the day.

It was a fresh breath of air to discover I could have my favorite songs for merely $.99.

But that's all changed now.

Maybe the price change will help to boost the economy just a little bit. Surely, twenty-nine cents isn't all that much right?

Maybe. Maybe not. We will definitely know when we see how many people still purchase Itunes this year when compared to previous years. Midday trading news reported that apples shares went down less than 1%. That may be an effect of the Itunes price change, but who knows?

Was it a wise decision for Apple to raise its Itunes prices? The younger generation might say, "Ha! Who really buys music from Apple anyway when they can get it from a host of other MP3 sites?"

Has the music industry gotten too greedy? The younger generation might say, "Ha! Who buys cds anymore when there are websites like Itunes around?"

And what determines which songs will cost $1.29 and which will cost .69? Popularity? "Ha! Who needs to buy popular songs when you have the radio?!"

Well, the point is, consumers may begin to think twice before clicking "download Itune now."