Wed - Jobs in iTunes warning

Steve Jobs yesterday said that he would resist the "greedy" demands by some of the world's leading music companies to raise the prices on the popular iTunes music store, adding that such a move would encourage piracy.

Parts of the music industry seems to disagree, saying that they believe that prices around $1.29 would not dampen consumer demand.

Is there a growing rift emerging between the music labels and Apple? Mr Jobs had better ensure not. But, Apple launched it's iTunes service in Japan last month without Sony BMG and industry watchers expect continued friction between the two companies as the contract covering iTunes US nears expiration.