Apple: 99 cent music price tag staying

“Reiterating comments made by Chief Executive Officer Steve Jobs last week, an Apple spokeswoman said the company is maintaining its single price tag for individual songs. The comment came in response to an article in the New York Post reporting the likelihood of higher prices as a result of new contracts with record labels. As earlier reported, some full-album prices have already begun to climb on the service. ‘These rumors aren’t true,’ Apple spokeswoman Natalie Sequeira said. ‘We have multiyear agreements with the labels and our prices remain 99 cents a track.’ “