IPad Users Spend $70,000 Per Day on Newsstand Content

[SMMobiles]

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