“While one of the big holdups for Office for iPad was getting the software just right, another was Apple’s policy that apps that sell things — including subscriptions — use Apple’s in-app purchase mechanism and hand over 30 percent of that revenue to Apple,” Ina Fried reports for Re/code.

“Indeed, Microsoft does offer Office 365 subscriptions within the just-released Word for iPad and the other Office apps and, yes, it is paying the 30 percent cut, Apple confirmed to Re/code,” Fried reports. “Microsoft declined to comment on the matter.”

“Meanwhile, on Twitter, both CEOs were playing nice-nice,” Fried reports. “‘Welcome to the iPad and AppStore,’ Cook said in a tweet. Nadella replied in a tweet of his own: ‘Thanks @tim_cook, excited to bring the magic of @Office to iPad customers.'”

Read more in the full article here.

MacDailyNews Take: Ah, the “magic” of overpriced bloatware.

Smart users will continue to use Apple’s iWork which is free, not hobbled in order to force unending subscription fees, and works seamlessly across iPhones, iPads, Macs, and Web browsers.

In related news, clueless UBS analyst Steven Milunovich claimed Thursday, “We do not expect Apple to take a cut from Microsoft.”

Nothing like talking out of your ass, huh? An particular specialty of far too many “analysts.”

[Thanks to MacDailyNews Readers “MotivDev” and “Rayzor” for the heads up.]

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