Independent self-publishing service Smashwords has disclosed that they have generated $25 million dollars in verifiable e-book sales from April 2014 to March 2015. The e-book stores that accounted for almost all of the revenue were Apple iBooks, Barnes & Noble, Kobo, the Smashwords Store, Scribd, OverDrive, Amazon, Baker & Taylor Axis 360, Blio, Oyster, Flipkart and Inktera.
Smashwords has been producing an annual survey for the last few years. They report on a number of relevant issues facing self-publishers, such as pricing and if you should enroll your title into e-book subscription services such as Kindle Unlimited or Scribd. This is the first time that the company has ever acknowledged publicly how much money they are making from e-book sales.
If you want to take a gander at the report, we have posted it below. If you are new to self-publishing this is especially relevant.
Michael Kozlowski has been writing about audiobooks and e-readers for the past twelve years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times. He Lives in Vancouver, British Columbia, Canada.