Cyber Monday 2017 Sale: Cyber Monday is a mere 12 years old, but the online shopping day has become the cornerstone of the holiday shopping season. And for the second year in a row, Cyber Monday is poised to best Black Friday in overall sales to become the biggest online shopping day in history.
According to Adobe Analytics Data, the Cyber Monday 2017 become the biggest U.S. online shopping day in history. More than half of the weekend’s online purchases were placed on mobile devices.
As of 10 p.m. Eastern time, $6.59 billion had been spent online, a 16.8 percent growth year over year. Revenue driven by smartphones hit an all-time high at $1.59 billion with two hours left before most discounts expired at midnight.
Adobe reported that “As of 10 a.m. Monday, Americans had spent nearly $14 billion online since Thanksgiving Day, when many companies started their Black Friday sales.”
“Cyber Monday is expected to make history again as the biggest U.S. online shopping day of all time, driving a billion dollars more than last year,” said Tamara Gaffney, Strategic Insights engagement group director at Adobe. “As consumers make their way back to work, they are poised to be hitting the buy button all day, as most big discounts will end by midnight. A lot more of this will be happening on smartphones as well, where smoother buying experiences through auto-fill capabilities are helping drive the growth we see in mobile.”
Amazon.com, the country’s largest online retailer, has yet to report holiday shopping results, except to say that it sold more than 200,000 toys in the first five hours of Black Friday and that its best-selling items include Amazon Echo devices, Instant Pot pressure cookers and 23 and Me DNA tests. Earlier this year, the company said its annual Prime Day in July had surpassed Cyber Monday and Black Friday to become the largest sales day in Amazon history. Amazon.com now accounts for about 43 percent of all online sales, according to estimates from research firm eMarketer.
Biddest issue hereafter is the shipping products on time. At the time of holiday, it should be right, if it goes wrong then the customers will upset about their product and the online store.
