Jobs dismisses iTune subscription model

Despite all their talk in the Q2 2007 conference call about moving to "subscription-based accounting" for iTunes and Apple TV, head honcho Steve Jobs has once again dismissed the idea of Apple offering an iTunes subscription service.The latest denial comes in the form of a statement Jobs gave to Reuters in an interview after Apple reported quarterly results on Wednesday.

Despite all their talk in the Q2 2007 conference call about moving to "subscription-based accounting" for iTunes and Apple TV, head honcho Steve Jobs has once again dismissed the idea of Apple offering an iTunes subscription service.

The latest denial comes in the form of a statement Jobs gave to Reuters in an interview after Apple reported quarterly results on Wednesday. "Never say never, but customers don't seem to be interested in it," said Jobs "The subscription model has failed so far."

Jobs is also on the record saying "People want to own their music."

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