Apple has launched a subscription serivice within apps so that you can get the latest, magazine, newspaper, video and music tracks from one app. Developers can set the length and price of the subscriptions which will be much welcomed by magazine and newspaper apps.

Steve Jobs(even after taking medical leave he is still working), said this “Our philosophy is simple,When Apple brings a new subscriber to the app, Apple earns a 30 percent share. When the publisher brings an existing or new subscriber to the app, the publisher keeps 100 percent and Apple earns nothing”. This is great from Apple allowing developers to have 100% profit when they sell through subscriptions, well its not like Apple need money now is it?

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