Apple (AAPL) Will Get Cut of Certain 'Office for iPad' Revenue (MSFT)

Is Microsoft (Nasdaq: MSFT) releasing Office for iPad good for Apple (Nasdaq: AAPL)? In some ways, yes.

Re/code noted Thursday night that, while Office for iPad is free, Microsoft is also offering Office 365 subscriptions via the app. That means Apple will get 30 percent of that revenue, per company policy.

Apple also used Office for iPad as a reminder that, yes, there are other productivity apps for the tablet. In a statement yesterday, the company said, We’re excited that Office is coming to iPad — now part of the more than 500,000 apps designed specifically for iPad. iPad has defined a new category of mobile computing and productivity and transformed the way the world works ... Office for iPad joins an incredible lineup of productivity apps like iWork, Evernote and Paper by FiftyThree, that users can choose from to inspire them to do more with this powerful device.

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