While pressuring the major labels to drop their use of DRM (digital rights management), Apple Inc. (NASDAQ: AAPL) head Steve Jobs took some time to comment on the rumors about the iTunes Store switching to a subscription-based service. His response was that customers do not seem interested in the subscription model, because they want to own the music they purchase (at least from iTunes). At the same time Jobs told Reuters not to rule out the prospect entirely.
This is certainly good news for Apple, especially considering in the wake of these comments the stocks closed higher than they had been all week last week. The prices closed at less than $94 on Monday, reaching as high as $99.95, before closing .03 lower on Friday. The jump between Jobs's comments on Thursday and Friday was 1.08 as well, but the biggest gain was between Wednesday's closing and Thursday's, with over $3 gained.
These numbers may not be as high as Apple or consumers would like, but they represent strong growth for the company, especially as the summer music season arrives next month and the coming launch of the iPhone in June. If that product and Apple TV are a success, and Jobs can continue to pressure labels to drop DRM, Apple may be in sight of a nice summer.
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