itunes installation failed due to Quicktime failure to open Error

I have a Windows XP system with Service Pack 3. As of now I was using older version of iTunes. Today I found that there is an newer version of iTunes available hence tried to update the same but ended with an error message saying:

“ERROR 2096 iTunes can't run because QuickTime failed to open.”

I did some searches on Web and found an article on Apple knowledge base regarding the same. I did everything mentioned over there but nothing helped. Finally I uninstalled iTunes and QuickTime both from the system and tried reinstalling the latest version but nothing helped.

Please provide some help to fix this issue.

Just go through the following steps and see if it helps:

• Right-click on the QuickTimePlayer application (located in C:\Program Files\QuickTime) and choose Properties from the shortcut menu.
• In the Properties window, click the Compatibility tab
• Deselect all checkboxes currently selected in the Compatibility tab.
• Click Apply.
• Close the Properties window.

Also check the following article describing the same problem with solution:
http://forums.techarena.in/windows-software/1274618.htm

Thanks for the help Judy.

That really helped.