
Apparently, songs whose rankings were once respectable have fallen off. Curious, very curious. The song remains the same, as they say, but for some reason people just stopped buying it. Not only does this sales slump suck for Mr. Jobs, but someone else is suffering, namely the artist. What ever could it be?
Oh, yeah. iTunes raised the prices of some songs to $1.29! By golly, I think we've got it. Or Billboard does at least.
Though the price move is in its infancy, there are some signs that do not bode well for the future. Glenn Peoples writes:
On Wednesday, one day after the price increase, the iTunes Top 100 chart had 40 songs priced at $1.29 and 60 with the original $0.99 price point. The $1.29 songs lost an average of 5.3 places on the chart while the $0.99 songs gained an average of 2.5 chart positions.They also have this helpful bar graph that even children could understand:
But I see this as a short-term solution to a long-term problem. See, downloading only gets easier while prices keep rising. CDs saw this problem, too -- as less and less people bought them, we saw more and more $17.99 price tags and eventually, the scale tips and the ease of illegality outweighs the loyalty one held for purchasing music. Time will tell, I guess, but let's just say I have a hunch.
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