Prices of some iTunes songs going up

By: Associated Press
By: Associated Press

The nation's record labels will be looking to see if the new pricing structure for Apple's iTunes store will help them make more money from online sales.

Last week, the company announced it will sell some songs for as low as 69 cents apiece, while the price for more popular tunes goes up to $1.29.

The labels hope the new, higher price will get consumers used to the idea of spending more than 99 cents for a single digital song.

Album sales have been falling consistently over the years. And it's hoped that if consumers can be nudged to open their wallets a little wider for online music, it can help reverse the decline in revenues caused by the drop in CD sales.

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