e-Business giant eBay said Black Friday and CyberMonday were not as profitable as they had last Sunday, when eBay Marketplaces and Paypal gained most of their dollars since the start of the Holiday shopping spree.
Cyber Monday and Black Friday bargain bonanzas sure are this year’s biggest day for retailers and businesses in sales. However, as far as online dealing is concerned, Dec. 2 proves to be more profitable than any other date since Turkey day.
Paypal and eBay Marketplaces gained higher sales last Sunday and eBay vice president of Mobile Steve Yankovic had a logical answer for that.
“Sunday is typically a day of relaxation,” but because consumers always have their smartphones in hand, it’s easy to shop whenever they feel like it.
“We’re in a paradigm shift,” added Yankovic.
e-commerce catalyst Paypal also reported that mobile payment volume on Sunday surpassed Cyber Monday’s output by over $1 million, making December 2 the biggest mobile shopping day in the history of Paypal.
Moreover, eBay said it’s expecting to reach more than $10 billion in mobile volume from its mobile apps and Paypal for this year. Last September, eBay announced 100 million downloads of their mobile apps since its launching in the last quarter of 2008.
PayPal also released other details from Sunday’s megasale:
*PayPal recorded 44 percent more payment volume on Cyber Monday 2012 than Black Friday 2012.
*12:00 p.m. to 1:00 p.m. PST was the busiest hour for online shopping during Cyber Monday 2012.
*With mobile devices, consumers around the world shopped most frequently between 1:00 p.m. to 2:00 p.m. PST on Cyber Monday 2012.
*PayPal recorded 166 percent increase in number of customers shopping with mobile devices on Cyber Monday 2012 as compared to 2011.
*Shoppers in these cities (Houston, Chicago, Miami, New York, and Los Angeles) made the most purchases through PayPal on Cyber Monday.
To make thing short, 2012 has been a big year for mobile business and it is expected to top more records in the coming weeks with the start of the Holiday season. Indeed, the market is experiencing a paradigm shift with ordinary days turning into special dates for mobile enterprises.
Category: Tech News