Apple's new subscription service for news and magazines, Apple News+, had over 200,000 people subscribe to a free one-month trial in the first 48 hours it was available, according to the New York Times.
Apple News+ costs $9.99 per month, or about $120 per year. Assuming that everyone who signed up for the free trial ends up subscribing for an entire year, those 200,000 subs would generate $24 million in sales for the service per year. But Apple would have to pay as much as 50 percent of that revenue back to the publishers that publish to Apple News, according to the New York Times.
In 2018, Apple services totaled over $41 billion in revenue, Apple CEO Tim Cook said in January. Apple's services division includes fees from the App Store, subscriptions like Apple Music, and fees to make Google the default search engine on the iPhone.
Laaaaaaaaaaate to the party. Stick to what you do best.
Sooner or later or probably never some “analyst” will take a stab at figuring out the margins on the credit card and the news and how it relates to the $appl ecosystem.....until then.....$appl
“Unlikely.”
So innovative (NOT)