The iFlow Reader Closes Down

"We absolutely do not want to do this, but Apple has made it completely impossible for anyone but Apple to make a profit selling contemporary ebooks on any iOS device." --- The iFlow Reader Team
Apple announced a new subscription service for all publishers of content-based apps last February. This new service takes 30% subscription fee for the company, pushing bloggers, publishers and mainstream media to call them everything from greedy to non-competitive. For iFlow Reader, this system takes away any revenue margin that they have. As a result, they will be closing down by the end of May.
While other reactions were ambivalent, this situation creates a bleak picture for small eBook retailers.
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