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Apple's terms for subscription news service face resistance from publishers - Wall Street Journal


(Reuters) - Several publications are resisting Apple Inc's plans to keep about half of the revenue from its upcoming subscription service, reported on Tuesday, citing the maker's pitch to some organizations.

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

The maker charges a 30 percent transaction fee to who sell apps through iTunes and its

Apple declined to comment on the report.

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

(Reporting by in Bengaluru; Editing by Anil D'Silva)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 01:52 IST