An anonymous reader shares a report: CloudMagic, the makers of Newton, today announced that Newton Mail is being discontinued. The company is no longer allowing new users to purchase Newton Mail which costs $100 a year, and existing users will be provided with refunds. For those using the monthly subscription plan, it will immediately stop automatically renewing. And for those on the yearly subscription, you will be given a refund on a pro-rata basis. "We explored various business models but couldn't successfully figure out profitability & growth over the long term. It was hard; the market for premium consumer mail apps is not big enough, and it faces stiff competition from high-quality free apps from Google, Microsoft, and Apple," said Rohit Nadhani, the founder and CEO of CloudMagic. All of that makes sense -- when we have companies like Microsoft and Google making brilliant free email clients like Outlook Mobile and Inbox, there really is no space for paid apps like Newton on the market.
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