"Apple CEO Steve Jobs has dismissed mobile phone operators as serious competitors for the digital music market, at least until the change tactics. 'Discussing mobile networks attempts to build music download services, Jobs is scathing on price, saying: 'They're going to try to sell music at $2 and $3 a song for the phone...It's hard to imagine that customers are that stupid.' "
I hate to break it to you Steve, but they are that stupid. Just to try it out, I bought a ringtone (actually a 'realtone') for my phone. It costs $2.99, lasts about 20 seconds, and it sounds like shit.
People are buying billions of dollars of this crap each year.