Apple’s terms and conditions for the subscription news service the face of opposition from publishers: WSJ

FILE PHOTO: An Apple logo is seen behind the branches of a tree outside of an Apple store in Beijing, China on December 14, 2018. REUTERS/Jason Lee/File Photo

(Reuters) – a Number of publications opposition to Apple Inc. ‘ s plans to keep about half of the revenues of the upcoming news service of the Wall Street Journal reported on Tuesday, citing the iPhone maker tend to be what news organisations.

Apple representatives have told publishers that the subscription can be priced at around $10 per month, but the final price may change, WSJ said.

The iPhone-maker against 30 per cent transaction costs for software developers, who sell apps through iTunes and the App Store.

Apple declined to comment on the report.

The company has sharpened the focus on services to absorb any blows of a slowing smartphone market. In the quarter ended December, services gross margin hit 63 percent, up from 58.3 percent a year ago.

Reporting by Vibhuti Sharma in Bengaluru; Editing by Anil D’silva

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