Apple in Battle with Record Companies

Record companies, which had supported Apple’s iTunes, are turning against the Apple music system, according to The New York Times.

They want Steven Jobs, the founder of Apple, to see it their way and allow the hot new releases to be priced higher.

iTunes has made a name for itself with its 99 cent price for all the music it offers. Now the record companies want say, $1.49 for the latest hits, and less, possibly much less for older tunes.

iTunes is the music that the incredibly popular Apple iPod can play. The record makers say Jobs is making his profits from iPod sales, while selling iTunes songs too cheaply.

Apple has 80% of MP3 player sales — the iPod — and 75% of digital music sales.