Oh no… iTunes shutting down?
I think not. Macworld reports that Apple may shut down the iTunes store should the music industry get their way – more money for their songs.
iTunes is a huge money-maker for Apple. Not in and of itself, but the halo-effect of all the iPods, iPhones, and Apple TV that sell to communicate and deliver entertainment. It’s the hardware baby. Apple shutting down iTunes would be shooting itself in the foot, and I believe Apple to be a bit smarter than that.
Bottom line: not gonna happen.