iTunes: A Digital Music Monopoly?http://www.fool.com/investing/general/2010/05/26/itunes-a-digital-music-monopoly.aspx Rick Aristotle Munarriz
May 26, 2010
Turn down your amp, Apple (Nasdaq: AAPL ) . You're drowning out the rest of the band.
The Justice Department is apparently making preliminary inquiries into Apple's dominance in digital music. Several news agencies report that regulators are interviewing record labels and digital rivals to learn more about iTunes' pricing strategies and other business practices. This will naturally be a divisive issue, even if the market has spoken.
Apple commands 76% of the MP3 player market, according to research giant NPD Group. It's not Apple's fault that Microsoft's (Nasdaq: MSFT ) Zune has been a perennial dud, or that SanDisk's (Nasdaq: SNDK