Apple is developing iNewsstand for support iBooks

Apple Inc. is developing iNewsstand for publishers that would let them sell magazines and newspapers to consumers for use on Apple devices, said two people familiar with the matter…..

Apple has been doing what it can to bring publications of a more periodical nature to the iPad and other iDevices, but hasn’t exactly offered a stunning portfolio of papers and such. That’s set to change according to a Bloomberg report citing the ever popular people “familiar with the matter,” indicating that Apple is currently building partnerships with various parties to develop pricing strategies to bring that content to consumers.

This will supposedly be presented through a new storefront especially dedicated to periodical content, which could be launching as soon as a few months from now — though there is also speculation that Apple will sit on it until the launch of a next-gen iPad. There are a number of roadblocks, including an apparent resistance from Apple to release the specific sales metrics that publishers want to tailor their content. Oh, and there’s the traditional 30 percent cut of revenue rubbing some the wrong way.


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