It seems that according to reports, iPad owners are spending $70,000 a day (collectively) for content in the iOS 5 Newsstand, purchasing subscription-based content from publications such as The New York Times, The New Yorker and The Daily. Adding on to that amount would be in-app subscriptions, and according to Distimo, news apps are apparently accounting for about 7% of the top 200 grossing apps for the iPad.
Ubergizmo, Report claims iPad owners are spending $70,000 a day at the Newsstand
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