Netflix nixes iTunes billing for new subscribers

Netflix nixes iTunes billing for new subscribers”

Netflix no longer allowing users to pay for its streaming service through Apple Inc.'s iTunes service, according to an update of the FAQ, or frequently asked questions, on its site. Existing members can continue to use iTunes for renewal payments. These numbers are as of 1 January calculated by the App store. Apple collects a hefty 30% fee of subscription revenue during the first year, which is then cut to 15% after, according to Venture Beat.

Apple's data indicates that 78 percent of all devices released in the last four years are running iOS 12.

This is the most money ever spent in the App Store in a single week.

Google is far from officially confirming that it's working on a new operating system catered to all things smart, including mobile phones, tablets, computers, wearables, and other gadgets.

While Apple is mostly dependent on device sales, its fastest-growing business segment has been in services such as the App Store, Apple Music, iTunes, iCloud storage and device warranties.

"Lower than anticipated iPhone revenue, primarily in Greater China, accounts for all of our revenue shortfall to our guidance and for much more than our entire year-over-year revenue decline".

The measure only applies to new subscribers to Netflix, or when people temporarily stop their subscription and resume their subscription.

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