Apple to Launch New Apple News Product as Premium Subscription
A month after disclosing an agreement to buy digital magazine app Texture, Apple (NASDAQ: AAPL) announced plans to create a new premium subscription Apple News product, integrating it with Texture. According to Bloomberg, the goal behind the strategy is to generate new revenue from content and services. Apple is in the process of acquiring Texture for an undisclosed sum. The magazine app, previously called Next Issue, gives subscribers unlimited access to up to 200 magazines for $9.99 a month.
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