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28 May 2012

Future plc iPad App Sales Hit $5 Million Since Newsstand Debut

In its interim statement for its fiscal half-year ending March 2012, enthusiast publisher Future plc is reporting a quickly growing digital operation. Revenues from this segment are up 37 percent compared to the same period in 2011 and digital advertising now accounts for 44 percent of the company's total advertising revenues. In all, digital represents 16 percent of the total.

The company's digital growth, hitting $15 million at the half,  has been helped along by Apple's Newsstand. Since its debut last October, Future has sold $5 million worth of iPad apps, and now says it's averaging $800,000 per month in sales.

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