Yes, why is it sad?
Apple is not moving all iTunes, they are moving the EMEA part, and from Luxembourg to Ireland.
Looks like some EU laws broke Luxembourg's advantage, and now Apple is joining iTunes with the rest of what they have.
Important to refer that the Luxembourg city-state, because it's not a real country, the state of the President of the European Comission, is a tax haven, enjoying a much better life that what their economy deserves.