With its sleek presentation and access to some of the most popular magazine brands, Apple News+ leads in the ever-shifting landscape of digital news consumption. And by a long shot. Recently, the analytics company CIRP revealed that Apple News+ is the fastest-growing subscription service in the US market – beating out the largest and leading magazine publishers. How is this possible and what does it say about the future of digital news?
It was a chilly morning when CIRP released a new report that cited an unprecedented growth spurt in numbers for Apple News+. The report called attention to the accelerating growth of the Apple platform in comparison with legacy players like The New York Times (NYT), The Wall Street Journal (WSJ) and The Washington Post (WP). Apple News+ looks to be growing four times faster than its legacy counterparts in the rich environment of digital subscriptions.
The stark numbers tell a story: Apple News+ US subscriptions sales soar from 15% in 2020 to 24% by 2024, while incumbents such as the NYT and WP increase sales by just 2 per cent and the WSJ by a slight 3 per cent. What does this dramatic jump have to do with how we consume news on digital devices? And why did the New York Times, which invested in video and social media in their quest for growth, suddenly slow down? The incumbent publishers have been forced to adapt their business models with this week’s release of the Apple News app on iPhones in the US and UK. While it’s still early days and the numbers are just an estimate, they do offer some insight into how these digital behemoths are impacting journalism.
Another user, Mr_Cruisin, an Apple ‘fanboy’, captures the zeitgeist in a comment: ‘Having recommended articles, no ads, premium experience,’ he writes about Apple News+. ‘It’s a great deal.’ For sure, you can read a huge range of online content for free, and probably get tried-and-true recommendations, too. But you’re not going to get all the best stuff from the highest-quality sources, and you’ll be bombarded with ads and annoy-ware. If you’re spending money on Apple News+, you’ll have some of the world’s most acclaimed journalism landing on your phone. The Wall Street Journal is the world’s highest-circulation daily newspaper, with subscribers paying up to $33 every three weeks for news – and that’s for the online and print editions combined. People are currently hacking Apple News+ to access newspapers like the Journal without paying for them – pity the poor schmucks – but you’ll never do better than paying only $10 a month.
As the experience of Apple News+ demonstrates, consumers’ expectations are rapidly evolving with the advent of easy access to quality and value. For publishers, this growth trajectory presents a distinctly mixed picture. It is at once a challenge, but also an opportunity to connect directly with readers (whether through direct relationship or via another platform, in this case, Apple News+).
In this dissection, the collective experience and opinion of its users is important.Have you subscribed to Apple News+? And if so, has the platform become a regular part of your information diet joined by other sources or has your exposure to it been disjointed and disconnected from the rest of your information flow? As the discussion is now open-ended, it grows and develops as we get your comments and contributions.
Looking back, the rise of Apple News+ is less about the numbers than it is about Apple’s ability to build systems where technology and content work together to enrich user experiences. Through a combination of exclusive partnerships, innovative platform design and a keen understanding of what users want, Apple is still creating the future of digital news and media consumption.
But by voting with their wallets in favour of a model where quality content, user happiness and accessibility have a meaningful role, Apple News+ makes it clear that these three factors will play an increasing part in the future landscape of digital journalism. The service is a testament to both what publishers can do to survive and thrive in the era of digital content, and it offers a set of challenges (and opportunities) that content entrepreneurs must face in this digital age, while looking toward the future. What is certain is that, in this digital marketplace of ideas and information, Apple News+ has created a unique, desirable and hard-to-duplicate niche for itself, resonating with a particular breed of digital-savvy readers – a cohort that’s rapidly growing.
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