GQ Sells 365 Copies of First iPad Issue

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Photo: iTunes App Store

If the iPad is going to be the savior of the magazine and newspaper industries that some had hoped for, it looks like it’s going to be a very gradual process. GQ, one of the first magazines to issue an iPad edition, has sold just 365 copies of its December 2009 "Men of the Year" iPad issue, which was priced at $2.99 per download ($2 less than its newsstand price). Nevertheless, the magazine is maintaining a downright cheery outlook: “This costs us nothing extra: no printing or postage,” GQ publisher Pete Hunsinger said. “Everything is profit, and I look forward to the time when iPad issue sales become a major component to our circulation.” [Mashable]