03-28-2012, 12:40 PM
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| | IPad Users Spend $70,000 Per Day on Newsstand Content
Turns out Apple’s iPad generates a sizable amount of money for publishers through Newsstand. Well, at first at least.
According to a study by analytics firm Distimo users spend about $70,000 each day on tablet-optimized newspapers and magazines through Newsstand. This translates to roughly $25.5 million in yearly sales through Apple’s online content store.
Now, Business Insider plays Devil's Advocate and takes into consideration Apple has sold 65 million iPads and Newsstand is generating $70,000 a day. This equates to the average user spending