AppleInsider Staff
Future, a magazine publisher based in the UK, is planning on building out its existing digital distribution model, which has already garnered the company about $8 million over the past year.
It appears that Future's success in the digital realm is in great part thanks to Apple's iTunes Newsstand, the iOS app that allows users to purchase, organize and store digital publications all in one place.
According to PaidContent, Future, one of the first companies to adopt the service when it launched with iOS 5 in 2011, announced the rise in profits on Thursday at an interim trading update.
“Sales of digital editions on Apple devices have passed £5 million ($8 million) in the period since the Apple Newsstand was launched in October 2011,†Future reported.
Among the magazines published by the firm are PC Gamer, popular tech serial T3 and Apple-centric MacLife, the hard copy versions of which have been in print for years. Before Newsstand's release, Future's digital presence was limited to web portals TechRadar, BikeRadar and GamesRadar.
“In March, we were at over 12 million (free) container app downloads, had five million people signed up for marketing messages, which is a lot, and way past half a million sales,†said Future CEO Mark Wood.
In order to leverage Newsstand, Future built FutureFolio, a specialized software suite which aids in the design of interactive magazines, which the company is now trying to license to competitors.
Future is not the first company to see significant gains after using Newsstand. Less than one month after the service launched, Condé Nast reported a 268 percent surge in subscriptions while Popular Science + saw similar growth.
Malcolm Owen
Oliver Haslam
Andrew O'Hara
Wesley Hilliard
William Gallagher
Christine McKee
21 Comments
Imagine how much publishers could make if they all actually cared enough about digital books and magazines to put some effort into them.
Newsstand is one iOS feature I've never used. I mean, I've never even had some free magazine loaded in it to try it out. This article makes me think I'm not the norm.
Love Newsstand. Subscribed to Sight & Sound (which very hard to find in my country) and American Cinematographer and saved half the money I would spend if I subscribe to print version.
Never have automatic download though.
Newsstand is one iOS feature I've never used. I mean, I've never even had some free magazine loaded in it to try it out. This article makes me think I'm not the norm.
I don't use newsstand either. However, I have quite a few friends that use it and they love it. I've checked it out on their iPads and I'm actually quite impressed with it.
Newsstand is one iOS feature I've never used. I mean, I've never even had some free magazine loaded in it to try it out. This article makes me think I'm not the norm.
Not really. I've almost never use it either. However, my girlfriend does read magazines with newstand often. But I still think that people still prefer normal magazine than reading it in an iPad.