NEW YORK (AdAge.com) -- Maxim has become the latest big magazine to start selling digital versions of regular print issues tailored for display on the iPhone and iPod Touch, joining Conde Nast's GQ and Hearst Magazines' Esquire in the App Store.
Maxim Magazine Goes on Sale in the App Store
Despite the impending arrival of Apple's iPad, of course, the magazine industry remains some distance from its current dream of fully stocked and popular digital newsstands. GQ had sold just 12,000 copies of its January issue as an app when it reported the first results two weeks ago.
You'll notice, for another example, that the three big magazines with app versions so far are all aimed at men.
"We've put together an iPhone app for two reasons," said Maxim editor in chief Joe Levy. "The first is we're a young men's magazine. Guys love technology. It makes sense for us to exist in every platform they use.
"The second is we've got a magazine that translates really well to the iPhone," he added. "It's visually driven, men are visually driven, and the iPhone is visually driven."
We'll know magazines are further along in their effort once Veranda or Ladies' Home Journal start moving copies in the App Store.
Subscriptions
Readers also still can't buy subscriptions to GQ or Esquire's
magazine apps, although GQ has promised repeat buyers will be able
to get future copies for $1.99 starting with the March issue.
Maxim's app advances the cause a bit by arriving with subscriptions
available alongside single copies.
Single editions of the app cost less than a print edition, just $2.99 for an app compared with $5.99 in print, but app subscriptions cost more than print subscriptions, $14.99 per year of app issues compared with $10 in print.
That reflects the fact that the new digital versions sell in a slightly different ecosystem, Mr. Levy said. "This is the pricing that makes sense to us given what we have seen in the App Store and what we believe makes sense for the consumer," he said. "The question isn't what a yearlong subscription to the app costs against the print cover price; the question is what the app subscription costs against buying the app 12 times."
The Maxim app, which it developed with the mobile application company Bite Sized Candy, still has some evolution ahead. It won't include all the print editions' regular advertising until the May issue. The app will also eventually add video content and updates between regular print editions, Mr. Levy said.