UK-based Future publishing announced earnings over the past year, claiming over $8 million in digital magazine sales, with over 12 million app downloads and five million subscribers. It offers its array of tech and sports themed magazines via Apple’s Newsstand and “container apps,” like Zinio.
The company announced today that the success really only came after Newsstand was released, a little under a year ago. “Sales of digital editions on Apple devices have passed £5 million ($8 million) in the period since the Apple Newsstand was launched in October 2011,” it reported in an interim trading update tonight. Last year, they noted that their digital sales helped make up for shortfalls in print sales, as well.
Future will announce soon plans for grown and expansion of their already large set of content offerings, which currently include magazines MacLife, Edge, and T3.
“At our full-year results in November,” the companies told investors, “we will outline our plans to grow and monetise our global digital audiences, leverage our position as a global leader in tablet products and software and diversify Future’s revenues further.”
It’s amazing how much influence that Apple has through technologies like the iPad, changing entire sectors of the publishing industry like magazine publishing. It will be fascinating to see if other publishers rely on Newsstand to bolster flagging print magazine sales, and whether Netflix-style apps like NextIssue will see similar successes.