Apr 17, 2018 - Economy & Business
Report: Apple launching news subscription service
Apple is going to build a subscription news service based on Texture, a magazine app it recently acquired, Bloomberg reports citing people familiar with the matter. The new news app will launch within the next year.
Why it matters: Apple CEO Tim Cook has said he wants to double the revenue Apple makes from software — such as Ipp Store apps and iTunes — by 2020.