Last month Apple acquired a digital magazine subscription service that lets readers access over 200 magazines for a monthly fee.
(Latest Tech News will always be free here at technewsrelated.com 😉
Now apple is planning to create its own best in class news service. Bloomberg reports that the service will offer more than 200 magazines for $9.99 a month. Reportedly the new app should launch within the next year.
Interestingly enough, Apple has tried something similar before. The company shut down its Newsstand app in favor of Apple News, and the original app used to offer digital versions of newspapers and magazines. Apple also previously partnered with News Corporation to create The Daily, an iPad-only news publication. News Corp eventually killed The Daily after nearly two years, blaming a lack of audience to create a sustainable business model. So what changed?
This attempt appears to be targeting a subscription offering for multiple magazines, much like the company’s Music streaming service. I guess will find out relatively soon if there is enought appetite paying for quality news sources.