The price may have come down, but that does not mean that Apple got most of the money. Even the idea that ”they got less” implies that they would have continued to get what they had been getting had Apple not created iTunes, something that is clearly false. They received around 30% of the revenue. In addition, they also substantially cut piracy, aiding the industry even more. The labels were upset that they had not created this themselves, but they had every chance and could not make it happen.Yes, but prices of albums and tracks came down and the music industry and artists got less.
His post just says they were used to charging monopoly rents, forcing people to purchase whole albums when they only wanted a few tracks off that album, but Apple changed that model and allowed individual track purchase.See CthuluLemon's post above.
His statement was not that the labels made less than they might have had they not had an iTunes, where is reality, they would have ended up with almost no revenue.