Apple Newsstand turned a tidy profit
The move to digital publications hasn't happened as fast as traditional print publications would've liked. Traditional print publications such as newspapers and magazines can save a lot of money on production and delivery costs if they can convince their readers to move to digital versions. So far, one of the only strong market for these digital publications is the Apple Newsstand.
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It seems that the Newsstand is doing pretty well with research firm Distimo reporting that the top 100 publications on the market combined generate about $70,000 a day. Apple keeps 30% of that money, and the publishers get 70%. The top three publications are The Daily, the New York Times, and New Yorker magazine.