Wall Street Journal profits soar following iPad launch

13:33, May 06, 2010      

Email | Print | Subscribe | Comments | Forum 

According to foreign media, News Corporation's boss Rupert Murdoch recently claimed that in only one month, iPad has brought 64,000 subscribers and huge profits to the Wall Street Journal.

That's surprising because an initial 3,200 subscriber base was reported back in mid-April. It's assumed Murdoch was combining figures of new iPad subscribers with existing WSJ subscribers who have added it to their existing paper and web deals for free. It also may include some people who have downloaded the app for the free two-week trial period but have yet to charge it to their credit cards.

The subscriptions are registered in-app via the paper's own system rather than Apple's set-up, Murdoch was able to boast that, unlike with Amazon's Kindle, "[News Corporation] keep[s] 100 percent of the revenue from the iPad."

Newspaper circulation has largely been in decline ever since the advent of online news services, but an ever-increasing iPad userbase could give large sections of the press a lifeline in the years to come.

By People's Daily Online

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion