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Quote of the day: Labels are 'getting greedy'

Steve Jobs calls the music industry greedy for considering a digital download price hike and warns of piracy.

At a news conference Tuesday in Paris, Apple CEO Steve Jobs criticized the music industry for considering a hike in the price of digital downloads, according to a Reuters story.

"If they want to raise the prices, it means that they are getting greedy," Jobs said. "If the price goes up, (consumers) will go back to piracy, and everybody loses."