Apple launched a subscription service at the App Store for magazines, newspapers, videos, and music bought through its App Store.
In a move that goes a long way to addressing concerns of many in the magazine and newspaper sectors, Apple said today that publishers will be allowed to set the price and the length of the subscription term. The processing of payments will be Apple's job and handled within the App Store. Apple will collect 30 percent of the revenue.
"Our philosophy is simple," Steve Jobs wrote in a statement. "When Apple brings a new subscriber … Read more