In this article, an interesting development has occurred with the digital music market. The three big outlets have all switched up their pricing schemes. Although I'm not as familiar with Amazon or Wal-Mart, I do know that the songs on iTunes were all priced at 99 cents. Now, on iTunes, songs sell for either 69 cents, 99 cents or $1.29 each. In addition, Apple has chosen to eliminate the copy-protection technology that limited users to listening to iTunes-purchased music only on an Apple-manufactured iPod.
So, what does this mean for the company itself? At this point, I feel that it is still way too early to tell what the overall result will be, but I do have a couple guesses. For one, the top songs list is one of the first things I check when browsing the iTunes Store. Now, when one loads up this section, they see a variety of prices next to the songs. Based off of early observations, it seems as if the prices are ramped up to $1.29 on the most popular songs. For instance, out of the top ten, only two are selling for 99 cents. Moving further down the list, more and more 99 cent songs pop up, but the distinction between the two still exists.
Now, speaking out of experience, whenever I hear a song I love over the radio, I cannot help but purchase it as soon as get back to my computer. If that situation happens now, I'll be forced to spend an extra thirty cents where I previously did not have to. Based off a consumer's point of view, this really stinks. The economy is already in shambles and money is tight as it is. For this, I have a feeling that sales will begin to drop. Considering that the iPod and iTunes are Apple's biggest sources of revenue, this may also lead to a significant drop in the company's stock. In my eyes, this is definitely a risky endeavor, but I am also very curious to see how it ultimately turns out. Stay tuned for more news on the issue as it becomes available.
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As I have mentioned before, sometimes unexpected things pop up that you don't expect and you've just got to deal with them. For some reason, my computer would not run my website editing program and I was unable to provide any sort of content without using another computer. Considering that my schedule is quite stacked as it is, it was a tough task to make time to go to another computer lab and transfer articles. To start off, I'd like to let everyone know that I may not be continuing this website any further. For those who know my past academic history, I was once a pre-pharmacy student. Well, it turns out that I've decided to make the switch back to pre-pharm and forget this whole journalism nonsense. Besides, in the current economy, who cares about personal expression through writing when you can be making six figures?? Cha-ching! With that said, expect this to be one of the last posts you will ever see on this site, we've had a good run and I thank all visitors for sticking around. ***Being in college is one of those stages in life where pretty much anything can happen at the drop of a dime. That being said, yesterday was pretty rough in terms of the workload on my plate. As a result, the daily updates of the "What's in the News?" section had to be postponed. Today's edition of the article will feature both the news of yesterday and today. Again, sorry for the inconvenience, hope you enjoy. Right off the bat, this weekend's edition of the Philadelphia Metro had a front page headline that hit pretty close to home - "Rough economy hits interns seeking jobs." As a sophomore college student, this article really did a good job of giving a thorough perspective on how dire this situation currently is. This is one of my newest sections for the website. It's going to end up being a news section, with focus given to whatever stories I happen to find interesting at any given time. With that said, I'm hoping to have this frequently updated to keep up with the times, so with any luck, this should end up being a set of pretty fun feature articles. As always, let me know what you think. In terms of updates, I've been putting up a lot more articles in each section, so please check those out and let me know what you think. In addition, I'm planning on adding a lot more, including some new sections so stay tuned! As everyone probably knows to some degree, computers are a bit unreliable. With that said, my wonderful laptop just did not feel like connecting to any wireless networks for the past couple days, so, I haven't been able to post lately. But, have no fear, new updates are here and they can be found under My Life and Sports, so check those out and let me know what you think. This cartoon, which I will not post on my site, ran in the New York Post recently. It depicts two cops shooting a monkey and one of the cops says "They'll have to find someone else to write the next stimulus bill." This is clearly racist in my opinion and I simply can not figure out how the editors let this even go to print. But, more importantly, I want to know what everyone else thinks about this. Is this cartoon racist or is the public just overreacting? Post a comment and let me know what you have to say. It's been a rough week of classes since starting this all-purpose blog website, but I am shooting for more updates now, so here's the first of many to come. Recently, I had a guest speaker in one of my classes and it ended up being a really great experience. Check it out under My Life and let me know what you think! In addition, I've reviewed Bruce Springsteen's latest album entitled "Working on a Dream." You can find that in Reviews, so check that one out too! |
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My name is Mike Revak, a Journalism major at Temple University. For more info, please click the About Me tab at the top of the page. Other than that, this is my website, I try to update frequently on a variety of topics, so check it all out and let me know what you think! CategoriesArchives
April 2009
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