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Apple may charge $1 million to display mobile ads: report
An advertisement for the Apple iPhone is shown at a retail store of an Orange mobile phone network provider in Bordeaux, southwestern France, October 23, 2009.
Credit: Reuters/Regis Duvignau
(Reuters) - Apple Inc may charge about $1 million for displaying advertisements on its mobile devices, the Wall Street Journal said, citing advertisement executives.
The rates may be even more to be among the first to advertise, the paper said.
Apple's new advertising platform for the iPhone and iPad -- dubbed iAd -- marks Apple's first foray into a small but growing market, and is sure to please the thousands of application developers who make their living off those devices, providing them with a new revenue stream.
The company indicated it could charge as much as $10 million to be part of a handful of marketers at the launch, the newspaper said, citing a person familiar with the matter.
Ad executives told the paper that they are used to paying between $100,000 and $200,000 for similar mobile deals.
As per the revenue sharing plan, application developers will receive 60 percent of the revenue, while Apple will get the other 40 percent.
Google Inc, which already sells advertising on smartphones, agreed to buy mobile ad firm AdMob late in 2009. U.S. regulators are examining the deal's antitrust implications.
Apple could not be reached immediately for comment by Reuters outside regular U.S. business hours.
(Reporting by Sakthi Prasad in Bangalore; Editing by Muralikumar Anantharaman)
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1) Badmouthing other web programming technologies
2) Changing your development policies and making enough developers mad enough for something like this to be created – http://www.facebook.com/group.php?gid=113492765344092
3) The whole Gizmodo fiasco
4) iPad failure (despite the misleading Press Releases where “delivered” is actually defined as iPads that have been shipped to Apple Stores and other distributors.
5) $1 million for ads. That’s hilarious. Thanks for helping other ad rates look better though!
The Cerrier (Operator in Europe) owns the network. This is GSM technology at the roots, and it is very simple for them to route marketing just where the network owner wants. They can all spend $millions in various “technologies” – but at the end of the day, it will be the network owner that can determine every single advert.
Please Reuters: start using skilled reporters – I am fed up by reading hearsay and wishful dreams.
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