Apple is planning to open an iTunes store in Russia later this year or early 2013, a local business journal reports. The Russian iTunes Store could offer music cheaper than in the US. While licensing deals are still underway, the Cupertino, Calif. digital music giant is expected to unveil tracks costing under $0.99, the newspaper says.
The supposed deal could prop up flagging Russian sales of digital music. While physical music sales are in free-fall, even digital music purchases -- which have been growing elsewhere -- dropped by 40 percent to levels not seen since 2009. The chief reason: "a culture of copyright infringement," according to music industry group IFPI. The nation's leading music service is operated by vKontakte, which also offers file-sharing, according to the IFPI.