Apple to launch a news subscription service, report says

Apple to launch a news subscription service, report says

Following its acquisition of all-you-can-read magazine service Texture in March, Apple is planning to launch a news subscription service, Bloomberg reports today. These plans are created to help Apple boost its services business to meet revenue goals the company has set for itself over the next few years. Texture offers more than 200 magazines for a rolling price of $9.99 per month.

While we don't know precisely when this service will launch, we do know it'll land within the next year which indicates Apple may be gearing up to announce it at WWDC 2018 and launch it formally alongside iOS 12 this fall.

As it stands Apple News is more like a collection of various articles pulled from various publications.

Since acquiring Texture, Apple has reportedly parted ways with 20 of Texture's 100 employees.

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A paid news subscription service would beef out Apple's services offering, which also includes storage through iCloud and music streaming through Apple Music.

But it's likely that Apple will approach the subscription service as Texture has, aggregating hundreds of magazines together in an all-you-can-read monthly service, rather than focusing on individual subscriptions.

Services become increasingly important to Apple's future. The end result is a news subscription service that would be similar to what Apple has done for Apple Music, except for news. Would Apple kick them out of the subscription program, if news became unfavorable? Apple also gets services revenue from Apple Pay transactions, App Store downloads, iTunes music, movie, and TV show purchases, and digital book downloads. This doesn't mean Apple is entering the journalism business, and according to Bloomberg profits from the subscription will be split between Apple and content providers.

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