Wooohooo....Apple has announced that it will lower prices for iTunes music in the UK! The price drop will be in effect within the six months in Europe.
Apple has said that it will "reconsider its continuing relationship" with record companies who charge higher wholesale prices in the UK than elsewhere in Europe.
"This is an important step towards a pan-European marketplace for music," Steve Jobs, Apple's chief executive, said.
"We hope every major record label will take a pan-European view of pricing."
No word on when the prices will drop in the US, so don't hold your breath!