Last fall, Marco Arment launched a general interest magazine. It's called, aptly enough, The Magazine. Writers are paid $800 per article. There are no ads. Until recently, it was available only via iPhones and iPads. Astonishingly, it's already turning a profit.
Arment walked me through the numbers. He has 25,000 subscribers who pay $1.99 a month. Apple takes a 30 percent cut, leaving Arment about $35,000 a month.
OK. Let's stay with tablets, the digital kind. The kind we used to download apps. Our last word in business today is: apps aplenty.
LINDA WERTHEIMER, HOST:
With the popularity of tablets and smartphones, people have been downloading about 10 apps per month onto their devices.
MONTAGNE: Great news for businesses, perhaps, except research from the business consulting firm Nuance Enterprise shows that the vast majority of those apps are quickly abandoned, especially those that are free.
Thursday is the last day of New York Fashion Week, and some cutting-edge design will be presented in the tents at Lincoln Center — literally. Standing on the runway will be computer programmer types rather than models. This follows an event that kicked off Fashion Week — something called a "hackathon."
A hackathon, explains Liz Bacelar, is a "fast-paced competition in which graphic designers, software developers and people with ideas, they come together to build an app in 24 hours. "