e.Digital Corporation (fka EDIG)

[gernb1]

Jobs comments on competition, iPod pricing
Monday, October 20, 2003 @ 3:25am

In a Newsweek report, Steve Jobs said that contends that "in the long run the [online music] competition will boil down to Apple and Microsoft: 'Between the license fees and the credit-card charges, there’s no money in online music,' he says. For Apple, the payoff comes in selling the iPod players that work hand in hand with the store.'" Commenting on iPod pricing, however, he says that the No. 1 MP3 player is not too expensive: " No, of course I don’t think it’s too costly. Fifty million homes have DVD players that cost that kind of money. For music lovers, I don’t think it’s a hurdle at all. There are sneakers that cost more than an iPod...We’d love to have a $100 iPod! We just don’t know how to do it right now. We’re constantly trying to make cheaper iPods. We’re working on the next step."