Apple has launched its App Store Subscriptions but unfortunately there is no news about the release of iOS 4.3.
App Store subscription is available for for all content based apps such as magazines, newspapers,video and music.
The subscription will work within the App Store and use the iTunes billing system.70% revenue will go to the developer of the apps and Apple will get 30% of share.
Here is the press release-
“Our philosophy is simple—when Apple brings a new subscriber to the app, Apple earns a 30 percent share; when the publisher brings an existing or new subscriber to the app, the publisher keeps 100 percent and Apple earns nothing,” said Steve Jobs, Apple’s CEO. “All we require is that, if a publisher is making a subscription offer outside of the app, the same (or better) offer be made inside the app, so that customers can easily subscribe with one-click right in the app. We believe that this innovative subscription service will provide publishers with a brand new opportunity to expand digital access to their content onto the iPad, iPod touch and iPhone, delighting both new and existing subscribers.”
It seems that the release of iOS 4.3 is imminent.Will update as soon as it happens.