According to the recent report, Apple is going to launch its first major service next month. The company is reportedly planning to roll out the News subscription service on March 25. However, the report claims that Apple is facing some resistance over the alleged plan to keep half of the revenue generated by the service. The company is holding an event to announce this new service.
Apple to Launch News Subscription Service on March 25
It is to be expected that Apple may unveil a new video streaming service on March 25 that will combine free original content with subscription video services from companies such as Starz and Showtime, and negotiations are still in progress with HBO, and CNBC. That service may be integrated into Apple’s TV app.
According to the Wall Street Journal, Apple is planning to use the event to introduce a bundled news product that will combine subscription offerings from multiple publishers
Adding this new subscription services will be so helpful in boosting the company’s revenue. As the iPhone revenues were down 15 percent in the fourth quarter of 2018 because of unexpected low sell of iPhones.
However, the company has not sent the invitation to the event yet formally. Let’s see will the company get handsome revenue after the launch of this new subscription service.