“Studies have shown that the academic publishing industry achieved impressive revenue levels of approximately USD5,000 per published article in 2011.
In this multi-billion dollar business, the profit of each article was estimated to be between USD3,500 and USD4,000. Even for open-access publishers which charge a much lower fee, the average price per article still hovered around USD660 in the same year. However, the world of academic publishing is not as blissful as many aspiring academicians and researchers would like to believe. In reality, the business of scientific publishing is extremely lucrative.”