Will Apple’s Launch of News+ Help Boost Its Revenue?

On March 25, during an event held at the Steve Jobs Theater in Cupertino, California, Apple (AAPL) launched its news and magazine subscription service, News+, along with three more services to expand its Services segment.

Apple News+ will have a monthly cost of $9.99 in the United States and $12.99 in Canada, and it will come with a free one-month trial. The service will be available in the United Kingdom and Australia later this year. It’s reportedly designed in the same model as those of subscription services such as Netflix (NFLX) and Spotify (SPOT) in that it charges a monthly fee to show content from multiple sources. The service is expected to boost the company’s revenue in the coming months.

Apple News+ will carry the content of over 300 magazines, including popular names such as Sports Illustrated, National Geographic, People, ESPN The Magazine, Rolling Stone, and Billboard Magazine. It will also feature content from the News Corporation–owned (NWS) Wall Street Journal, the Los Angeles Times, and the Toronto Star along with premium content from some online publications.

However, Apple will get only some of the content from the Wall Street Journal and the Los Angeles Times. The New York Times and the Washington Post aren’t supporting Apple’s news subscription service. Moreover, Apple News+ will be accessible only to those users with the Apple News app updated with iOS 12.2 or macOS 10.14.4.