Apple Inc. is reducing the price of all songs on its iTunes Store without anti-copying software to 99 cents from $1.29, bringing Apple's prices on such tracks closer to those offered by Amazon.com Inc., Wal-Mart Stores Inc. and other rivals in online music.

In an interview, Apple CEO Steve Jobs said music on iTunes Plus – the portion of Apple's online music store featuring songs without digital rights management, or DRM, anti-copying software – will feature the reduced price later today or tomorrow. That applies...