Europe Not Humming Apple's iTune

Currently, iTunes wraps songs in DRM whether an artist wants it or not, he says.

"I think that would go a long way to convince the [European Union] that Apple's not the problem here," Schultz says. "If he takes that kind of step, I think it sends the right message to European regulators."

Apple shares added 60 cents to $84.75 in recent Wednesday trading.

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