Steve Jobs unveils 30% subs model for ... everything
Found on The Register on Monday, 14 February 2011
Apple finally unveiled the shape of its new subscription model for the App store today, confirming that it will force magazine and newspaper publishers to hand over 30 per cent of their cover price.
Apple's process will give buyers the "option" of providing their name, email, and zip code.
It's almost certainly going to be too much for Amazon, who may discontinue their iOS Kindle app, rather than make a substantial loss on sales.
Let's just hope enough big players decide to leave that store, but not without making it clear to their ready why they do so. Earning a little share for each sale is ok, but almost one third is plain old greed. Oh wait, we're talking about Apple here...