iTunes price hike: What goes up, must come down

As iTunes prices goes up, songs' chart positions go down. It's no surprise that the songs in the top spots on iTunes took a blow just days after iTunes enforced its variable pricing plan (duh). According to Billboard.biz, two days after the prices were raised on some tracks, many of them being Top 40 songs, it was clear that the price hike hurt the sales rankings of songs with the $1.29 price tag.

The day after the iTunes changed its pricing, 40 songs on the Top 100 chart were priced at $1.29, while the rest were at the original price of 99 cents. The $1.29 songs lost an average of 5.3 places in the ranking, while the 99 cent-tracks gained an average of 2.5 chart positions.

So, maybe this new variable pricing is a good thing. It's helping those lower down on the charts make it to the top, or at least get closer.

Check out the full Billboard report here.

[Via CrunchGear]