Apple Inc (AAPL)

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07:34 AAPL Apple: UK music fans to enjoy cheaper iTunes downloads - Reuters (171.25 )

Reuters reports Britain's music fans will pay 10% less for downloads from Apple's online iTunes stores within six months, the European Commission said. The European Union's top antitrust watchdog said the move would end its proceedings against Apple. "Prices for iTunes downloads in the UK are currently nearly 10% more expensive than downloads in the euro zone," the Commission said.

Following iTunes' announcement, UK consumers will soon pay the same for music downloads from iTunes as customers from euro-zone countries." Apple said it would lower the prices that it charges for music on its UK iTunes store to match already standardized pricing on iTunes across Europe.