Apple News+ Sure Looks Like a Flop [The Motley Fool]
Comcast Corporation - Class A (CMCSA)
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Source: The Motley Fool
Apple News+ Sure Looks Like a Flop Shortly after Apple ( NASDAQ:AAPL grabbed 00,000 subscribers The New York Times New York Post Either way, Apple News+ hasn't really grown much after those first two days. Image source: Apple. Stuck at 00,000 CNBC reports that Apple has not added many subscribers beyond that initial wave of 00,000 sign-ups in the nearly eight months since launch. The service costs $0 per month and provides subscribers with unlimited access to a catalog of around 00 magazines. Sources told the outlet that the subscriber base "hasn't increased materially from its first couple days." The lackluster subscriber figures are a disappointment to publishers who had gotten onboard with the service, even though Apple keeps half of all revenue for itself while outlets split up the rest based on engagement. At $0 per year, 00,000 subscribers would translate into $ million in annual revenue, with Apple earning $ million of that total. That revenue is pretty meaningless in the conte
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