Apple vs. Google: The Fight for Digital Media Supremacy
Investment U submits:
By Tony D'Altorio
As usual, Apple (AAPL) is busy pushing the envelope. This time, it wants to change how internet commerce is conducted, by way of its iPhone and iPad devices. The company is dictating tougher terms, such as a 30% cut of subscriber content fees sold through its devices. Its new international rules require content publishers with digital subscriptions to do the same through its App Store. The businesses won’t even be allowed to link to their websites from the apps unless they do so through an Apple app. This will force more subscribers through Apple’s digital content store. It also means content owners lose revenue from the surging smartphone and tablet market.
Apple Bites into the New York Times, Hulu, Etc.
Brands from the New York Times (NYT) to Elle, Hulu and Spotify stand to lose from the new rules. Meanwhile, Apple gets a greater chance to biteComplete Story »