Apple is attempting to roll out a new premium News service to help continue to grow its service business revenue.
Today brings a few tidbits of news concerning Apple’s (NASDAQ:AAPL) growing services segment. Apple seems to be very keen to keep this business growing as its hardware sales begin to slow down worldwide.
First, we received word that the Cuppertino, CA-based company is eyeing a new news subscription service that would be an all-you-can-read service spanning multiple publications. Apple has attempted to sell the idea as a ‘Netflix for news’ type service to publishers who have thus far bristled at the idea of the company taking a large stake of their revenue stream.
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The problem, according to publishers, is that Apple plans to keep 50 percent of the revenue for its premium news service, and the other half would be dispersed to publishers based on how much times readers spend on their respective articles.
Users would be asked to fork over $10 a month to enjoy the paid-for Apple News app, and would be privy to a slew of articles typically hidden behind paywalls.
