Wired moves 24,000 iPad apps in first 24 hours – at $4.99 a pop

“Wired magazine sold 24,000 copies of its Wired iPad app [US$4.99] in the first 24 hours it was available in Apple’s iTunes store, company executives said,” John C. Abell reports for Wired. “The app was released shortly after midnight Tuesday.”

MacDailyNews Note: 24,000*$4.99=$119.760.

Abell reports, “Wired magazine sells about 82,000 single copies on newsstands every month and has about 672,000 subscribers.”

Abell reports, “The real test for Wired magazine (and everyone else) will be to continue to meet high reader expectations once any novelty aspect wears off, and to come up with a subscription model as quickly as possible.”

Full article here.

MacDailyNews Take: As long as they understand that it’s unsustainable at that price (try $2.99 per issue, at the very most, and also a reasonable annual subscription rate), congrats to Wired!