Amazon Undercuts iTunes With 69c Tracks



Amazon has turned up the heat on iTunes by cutting the price of best selling music tracks in its US download store.

It's selling them for 69c - with many of the cut-price tracks costing $1.29 in iTunes.

Apple has about 70% of the digital music download market and last year increased its prices with popular tracks going up from 99c to $1.29.  Amazon has found it hard to get above its current 10% share.

But Amazon is now aggressively chasing a bigger slice: last month it rolled out a cloud-music player service in the US, giving free on-line storage.  The move beat Apple and Google which are both planning similar services.

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