Reuters reports that Apple is considering producing iTunes Gift Cards for individual artists and albums.
Apple will reportedly pilot the idea through its own retail stores, but the company is also said to be experimenting with the gift cards by selling them through Safeway, Starbucks and Best Buy stores. Wal-Mart and Target have also been approached.
"It sounds like a way to help Apple get 50 percent market share," one senior record industry executive said – somewhat sourly – who is quoted in the article. He added that it was "ridiculous" for Apple to be negotiating with retailers on the behalf of labels.
Nora Jones and Maroon 5 are amongst those under consideration for the first of the cards.
Analysis: Yes, Apple could make quite an impact on already-bruised CD sales, the veritable rivers of gold for record companies. We assume the record executive means '50%' of all music sales, as iTunes already owns the online music market.
Of course, the labels will have to go along with this for it to work for Apple. And Wal-mart, with its own download service, probably won't be keen. It's now clear, as one can see from the behaviour of Universal, that the record labels would dearly love to break away from iTunes' dominance – so that Apple becomes just another music e-tailer – but since the rest of the subscription sites are hopeless and uncompetitive, they've had no choice but to stay with iTunes, even as they search for alternatives to diminish Apple's influence.
- Apple opens OS X betas to everyone
- Apple patches triple handshake, other vulnerabilities
- Apple TV ad Powerful shows off iPhone 5s prowess
- 1Password gets significant updates to iOS, OS X
- Proposed Thunderbolt standard promises to support dual 4K displays
- A&E, The History Channel, and Lifetime channels now available on Apple TV
- Apple touts environmental efforts for Earth Day
- Report: Nike looks to get out of fitness tracker game
- 13 Steve Jobs Quotes
- Twelve South launches wooden Macbook stand in BookArc möd
- Alpine planning after market CarPlay head units
- Linking Apple TV with IFTTT for evergreen screen saver photos
- Funny Samsung sales numbers and the analysts who reported them
- Podcast: Gary Busey, iOS 8 Wishlists, thoughts on iPhone 6 (#109)
- List of sites affected by Heartbleed
- iOS, OS X not affected by Heartbleed
- A good guide for resolving iOS battery problems
- Dropbox releases Mac email and photo management apps
- Best selling Android app was a scam
- Kanex introduces Thunderbolt to eSATA/USB and Ethernet/USB adapters
- Nest halts sales, disables wave feature
- WWDC set for June 2nd
- Apple gives iWork for OS X, iOS, iCloud a big update
- Apple updates Safari for Mavericks and Mountain Lion
- OWC offers CPU upgrade solution for new Mac Pros
Browse and search for more articles