Apple reportedly plans to cut the price of Beats Music

Apple has a new mission that it is seeking to complete, and the good news is that if it is successful, it will result in consumers saving money. According to reports published on Friday, the tech titan is talking to music labels about dropping royalty rates. Apple wants to pass the savings along to its customers who stream music by lowering the price of its Beats Music service.



Although Apple is in talks with the labels, there is no guarantee that the recording industry will agree to any change in royalties. Sales of digital downloads have been dropping and the music industry is quick to ...