Apple Reportedly Planning To Launch News Subscription Service In 2019

Apple Reportedly Planning To Launch News Subscription Service In 2019

Tim Cook, chief executive officer of Apple, speaks during an even last month introducing a low-priced iPad geared toward students.

Apple is preparing to give its online services division a shot in the arm by launching a beefed-up news subscription service, Bloomberg is reporting.

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The updated Apple News app, with a subscription offering, plans to launch within the next year, according to Bloomberg. Apple declined to comment... Then, within the next year, Apple is expected to launch "an upgraded Apple News app with the subscription offering", and some of the revenue generated from the subscriptions will be distributed to the magazine publishers participating in the program.

Just over a month after Apple acquired digital magazine app Texture, Bloomberg reports that the company is planning to integrate the service into Apple News and launch its own premium news subscription service. This offers millions of songs for $9.99 per month, and now has more than 40 million subscribers.

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Apple has had limited success with its news services applications. It's thought that a new, simplified subscription service could boost Apple News usage and create a new revenue stream similar to Apple Music. Sales from that segment grew 23 percent to $30 billion in the company's 2017 fiscal year.

Which makes sense when you think about it. Apple already makes a decent slice of cash by selling music and video on iTunes, alongside subscriptions for Apple Music, so it makes sense that it would want to expand that to other areas.

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Apple shares took a hit in late March, falling as much as 10.4%, along with many other companies listed on the tech-heavy Nasdaq, after Facebook's Cambridge Analytica data scandal and President Donald Trump's crackdown on Chinese investment in USA technology rattled investors. Users can also subscribe for free to content to always see the latest from a respective publication. Apple rarely cuts positions, but after the company acquired Beats, it laid off about 200 people. Texture had about 100 staff.

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