Microsoft Rumour Knocks Apple Shares Down

Microsoft has confirmed a report made by Cnet that they intend to start a subscription based online music service. "We are actively investigating the subscription model," a Microsoft spokeswoman said. Christine Andrews, product manager in Microsoft's internet division told reporters that "Once we are ready to talk more, we'll let you know".

Microsoft, who have lead the market with their Windows operating system are likely to be hoping to follow on the success that iTunes has had for Apple. The news sent shares of other rival online music retailers Napster and RealNetworks down, as well as causing Apple shares to fall 4.9%.

News source: BBC News

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