Condé Nast publishing group denies possible sale to Apple

In recent years, we have seen how the Cupertino-based company is trying to diversify as much as possible the businesses in which it is involved. It is a logical step, since the iPhone dependency that the company has, and that represents more than 60% of the company's income, may at some point turn around.

Services are becoming an important part of the income for Apple, but it is still something merely anecdotal when we compare it with the income generated by the mobile division. The AirPods, the Apple Watch, the HomePod… also some of the products that have begun to be an important source of income. To try to continue diversifying, so that Apple's plans were to buy the Condé Nast publishing group.

According to the newspaper The Guardian, Apple could have a special interest in taking over this publishing group, to try to further diversify its business unit if possible, even if it is not related to technology as is this case. But it could make some sense after the acquisition last March of the Texture application, the Spotify of magazines, which in exchange for a monthly fee of $ 9,99, allows us to access more than 200 magazines of all kinds .

Condé Nast is one of the largest media companies in the United States and beyond. Some of its best known brands with GQ, Vogue, Vanity Fair, The New Yorker, Ars Technica, Wired… In recent months it seems that the crisis that traditional media continues to go through has begun to affect them and maintenance based solely on advertising has begun to be really impossible, so they will probably choose to adopt a monthly subscription system.


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