Smashwords has published some findings derived analyzing the recent 11 months of sales (thrugh March 31) for 120,000 ebooks distributed by the company. Those sales represent $12 million in net receipts for authors and publishers (after Smashwords’ and retailers’ commissions; if you like math, you’ll find that means Smashwords collected about $2.2 million in distribution fees during that period). As usual, some of the prose is happy talk about the wonders of self-publishing — even though the first graph proves that a very small number of titles account for the vast amount of sales. (Their No. 1 selling title outsold […]