Tech

Apple to launch a news subscription service, report says

Apple to launch a news subscription service, report says

Now, though, a report claims Apple will be putting the newly acquired Texture to work, using it to integrate a premium news and magazine subscription service into Apple News.

About a month ago, Apple spent part of its enormous cash reserves on acquiring digital magazine subscription service Texture. Texture, meanwhile, operated more like a "Netflix for magazine publishing", where readers were able to access around 200 magazines for a monthly fee of $9.99. The remaining ones are now being integrated into the Apple News team.

A new report out of Bloomberg suggests Apple plans to launch its own news-focused subscription service in the next year. Seeing as how the company managed to take less than a million people who had subscribed to Beats Music and turn them into 40 million Apple Music listeners, it's not like they have no experience convincing people to hand over a bit of money every month. Exactly what that ratio will be has not yet been revealed. 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.

More news: Trump zig-zags on trade jarring but could get results, experts say

Apple's services business is orders of magnitude smaller than its hardware business, but the company has had success with its Apple Music service, which now boasts almost 40 million subscribers. Texture had about 100 staff. Beats Music, with its fewer than one million subscribers, shut down not long after Apple Music came out. Would Apple kick them out of the subscription program, if news became unfavorable? It's clear the company is looking for the same success story with its upcoming news subscription.

Currently, there are no details about which news organizations Apple would partner with for the subscription service.


  • Daniel O'Donnell leads tributes to Big Tom

    Daniel O'Donnell leads tributes to Big Tom

    Taoiseach Leo Varadkar extended his condolences saying "Not many people are known by their first name, but that was Big Tom". During his life, Tom brought great joy to many people, both in Ireland and worldwide, through his singing and his music.

    UBS ETF (UC79.L) Moving Averages Under a Watchful Eye

    Whatever the strategy choice, investors who stay the course may have a better chance of coming out a victor in the stock market. Some investors enjoy the frantic trading opportunities around earnings reports, and others will stay as far away as possible.
    South Korea says officials may visit North Korea ahead of summit

    South Korea says officials may visit North Korea ahead of summit

    Kim and Chinese President Xi Jinping agreed during their first-ever summit in Beijing in late March to promote cultural exchanges. Kim made a surprise trip to the Chinese capital to meet Xi in late March and invited him to visit Pyongyang.
  • Premier league giants given the go-ahead to sign Real Madrid star

    Premier league giants given the go-ahead to sign Real Madrid star

    Real Madrid will face German giants Bayern Munich while Liverpool faces AS Roma in each of their respective semi-final ties. Craig Bellamy believes Real Madrid are the only team that can stop Liverpool FC in the Champions League .
    Attacks on Syria: Theresa May defends launching missile strikes

    Attacks on Syria: Theresa May defends launching missile strikes

    He said the government must be "accountable to this parliament and not to the whims of" US President Donald Trump. May denied acting at the behest of the U.S.

    Healthcare Stock in the Spotlight: Anthem, Inc. (ANTM)

    This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. First Republic Investment Management Inc bought 42,224 shares as the company's stock declined 2.73% with the market.
  • Weekly Investment Research Analysts' Ratings Changes for BHP Billiton plc (BLT)

    Weekly Investment Research Analysts' Ratings Changes for BHP Billiton plc (BLT)

    Some investors enjoy the frantic trading opportunities around earnings reports, and others will stay as far away as possible. According to 2017Q4 SEC form the Cambiar Investors Llc increased its holdings in Bhp Billiton Plc ( BBL ) by 1.76%.
    Delay for Nasa's Tess planet-hunter

    Delay for Nasa's Tess planet-hunter

    TESS is designed as a follow-on to the USA space agency's Kepler spacecraft, which was the first of its kind and launched in 2009. Nasa predicts that TESS could find more than 50 Earth-sized planets and up to 500 planets less than twice the size of the Earth.

    $1.09 EPS Expected for Genworth MI Canada Inc. (MIC) on May, 1

    The company has a market capitalization of $1,362.80, a price-to-earnings ratio of 1.96, a P/E/G ratio of 0.61 and a beta of 2.38. Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally.
  • On May, 8 Veru Inc. (VERU) EPS Estimated At $

    On May, 8 Veru Inc. (VERU) EPS Estimated At $

    It is positive, as 19 investors sold MYGN shares while 67 reduced holdings. 53 funds opened positions while 125 raised stakes. The stock of Chevron Corporation (NYSE: CVX ) earned "Market Perform" rating by BMO Capital Markets on Wednesday, October 18.
    Toyota Commits to Connected Cars in the United States  by 2021

    Toyota Commits to Connected Cars in the United States by 2021

    But it could prevent up to 600,000 crashes and reduce costs by US$71 billion annually when fully deployed, the report said. The detail of the proposal insisted all vehicles "speak the same language through a standard technology".
    Noesis Capital Mangement Corp Has $9.50 Million Holdings in Nike (NKE)

    Noesis Capital Mangement Corp Has $9.50 Million Holdings in Nike (NKE)

    Gm Advisory Gru Inc owns 3,300 shares for 0.06% of their portfolio. 10,503 shares were sold by O'Brien Anthony F, worth $2.25M. Total analysts of 24 have positions in Nike (NYSE: NKE ) as follows: 14 rated it a "Buy", 1 with "Sell" and 9 with "Hold".