Apple News+ was launched in March, in the US. It costs $9.99 a month and in Canada for $12.99 a month. Customers can sign up for a free one-month trial, and the plan automatically renews after the trial ends. Through Family Sharing, up to six family members can share one Apple News+ subscription.
On launch, Apple saw around 2,00,00 subscribers within 48-hours but since then it is struggling to add new customers. One publisher told CNBC that his company received between $20,000 and $30,000 per month from Apple, which is far lower than it had initially expected. Apple takes 50 percent of the revenue from every Apple News+ subscriber, while the rest of the money is distributed to publishers based on the time spend reading their content.
Apple News+ subscription service offers news from 300 popular magazines, leading newspapers and digital publishers within the Apple News app. The list includes renowned publications such as Vogue, National Geographic Magazine, People, ELLE, The Wall Street Journal, and Los Angeles Times.