Apple CEO Steve Jobs' iTunes Music Store Anniversary remarks

[Mac Reporter]

Apple CEO Steve Jobs today said that Apple's iTunes Music Store has the largest online catalog in the world with over 700,000 songs.

Jobs also reported that in excess of 1,000 users have already published their playlists to iTMS using iTunes' new iMix feature.

Jobs reviewed the revised iTMS personal usage rights, which reduce the number of times for burning a single playlist from 10 to 7 times while expanding the number of authorized computers from three to five machines.

Jobs said that Apple will continue to focus on the 99-cent per song model and that the vast majority of albums available on iTMS today are $9.99. Jobs sees album prices going down, not up, over time.

Jobs also said that HP expects to ship 8 million copies of iTunes this year. Jobs also expects iTMS Europe later in 2004.

Full story at MacDailyNews