Tags: apple | publisher | subscription | news

WSJ: Publishers Balk at Apple Terms for Subscription News Service

hand holding an apple ipad with logo.

Wednesday, 13 February 2019 10:30 AM

Several publications are resisting Apple Inc.'s plans to keep about half of the revenue from its upcoming news subscription service, the Wall Street Journal reported, citing the iPhone maker's pitch to some news organizations.

Apple (AAPL) representatives have told publishers that the subscription service could be priced at about $10 a month, but the final price could change, WSJ.com said.

The iPhone maker charges a 30 percent transaction fee to software developers who sell apps through iTunes and its App Store.

Apple declined to comment on the report.

The company has sharpened its focus on its services business to cushion any blows from a slowing smartphone market. In the quarter ended December, services gross margin hit 63 percent, up from 58.3 percent a year ago. 

© 2021 Thomson/Reuters. All rights reserved.

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Wednesday, 13 February 2019 10:30 AM
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