AppleInsider Staff
According to analytics firm Distimo, Apple's Newsstand content aggregator and online content store for iOS devices has helped push digital publication sales, with most of the revenue coming from in-app purchases, reports Business Insider.
Subscriptions or purchases of the New York Times, The Daily and the New Yorker top the list of downloaded content, and news apps as a whole account for 7 percent of the 200 highest grossing apps.
Revenue mostly comes in the form of in-app subscription purchases as many digital publication apps are available as a free download. This allows for content providers to offer a variety of purchasing options in one place. As in other Apple media stores, the company takes a 30 percent cut of each sale.
Unveiled in June 2011 as part of iOS 5, the Newsstand gathers a user's newspaper and magazine apps in a single non-removable folder. A special digital publication section, which can be accessed via Newsstand, was added to the App Store alongside feature's release.
A December 2011 report showed that the storefront and content library helped to accelerate content sales, with major publisher Conde Nast recording a 268 percent rise in paid subscriptions.
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22 Comments
That must be the average. I spend more than 100k a day on Newsstand content, easily.
That must be the average. I spend more than 100k a day on Newsstand content, easily.
40K a day for me. I guess the headline is correct.
Wow, I thought maybe $20/day was considered a lot, $200 a week, a lot...
but $70,000 a week? At $2.99/issue, that is like 23,333 issues a week. A lot of reading material!!!!
A new study released on Tuesday reveals that Apple iPad users spend about $70,000 each day on tablet-centric newspapers and magazines purchased through Newsstand for iOS. ...
I find this astounding.
I have looked in newstand many, many times and never found anything worth reading. Even the "free" magazines are full of junky advertisements and most are not really free, but just "first edition free" kind of things.
It's such a shame that good authors often can't find people to buy their material or get a publishing deal but such huge quantities of dreck can be published and consumed on a daily basis.
How many iPads has Apple sold so far? Let's say 75 million. At $70,000 per day, it's an average of .00093 per iPad per day. Interesting.