Amazon has dropped the price of its top-selling MP3 tracks to $0.69, according to The Los Angeles Times. That's a 20-cent drop from its previous $0.89 price. The move by the Internet retail giant is seen as an attempt to knock Apple from its perch as the top distributor of music in the world. Currently Apple's iTunes store has a 70% market share, while Amazon is a distant second at 10%.
The LA Times article also highlights some facts about the effect of price changes to music in the iTunes store since last year. In 2010 Apple raised the prices for most new songs in the iTunes store to $1.29, up from $0.99. However, that price increase slowed music sales growth considerably.
In 2009 when t
