Steve Jobs bets on Y! Music raising prices in five months |
Loading ...Nothing like a friendly office pool to gamble on the fate of price integrity. Yahoo indicated they released their new system at introductory pricing but didn’t say how long these rates would hold. at Apple Insider writes that some Apple employees are wagering on how long these great prices will last:
Yahoo’s $60 price-point is “substantially” below Yahoo’s cost to run the service, Jobs said during his interview at Sunday evening’s Wall Street Journal “D: All Things Digital” conference. He claims to have entered the pool himself, placing his money on “five months.”
My guess would be they’ll keep it going until after Apple goes to their subscription model. This way Apple won’t be able to trump them when iTunes starts offering a subscription service. Apple has not announced any official plans for an iTunes subscription model but there is wide speculation that it’s coming. Leo Laporte said on a recent TWIT.tv show that Apple “had” to do this now and Leo is a huge Apple supporter.
I read in another article yesterday (sorry, I didn’t bookmark it) that Napster investors aren’t too worried yet about the cutthroat online music biz.
However long it lasts, I don’t know any people who don’t like saving money.
You lost the bet - Yahoo announced they were raising their price 21 October 2005.
Comment by RCB — October 21, 2005 @ 6:57 pm PST
Seeing how Steve made that prediction on May 22, he was only one day off. That’s eerily freaky. http://d.wsj.com/schedule/index.html
Comment by Ed — October 21, 2005 @ 8:37 pm PST
[…] Just saw a number of hits coming from MacDailyNews — welcome fellow Macheads — and they are all over the prophetic talents of Steve Jobs. Back in May of this year, Jobs and company were betting that it would be five months before Yahoo music raised their introductory pricing. PC Mag is reporting that now — surprise, surprise — five months later, Yahoo Music is raising their prices. […]
Pingback by Make You Go Hmm: » Steve Jobs looks prophetic over Yahoo music price increase — October 21, 2005 @ 11:47 pm PST
[…] Truthful to the word ‘introductory’ though, they did eventually raise the price, strangely to about the time — five months — Steve Jobs predicted they would. We went back to Napster and started a subscription to LAUNCHcast instead. I wonder how many others no longer found Y! Music such a great deal once the price nearly doubled? Also, I hope they made the cancellation process more friendly. […]
Pingback by Make You Go Hmm: » “Google has done a better job than us,” says Yahoo Chairman Terry Semel — January 18, 2006 @ 11:59 am PST