Retail

Cyber Monday Online Sales Rise 9.2%

Online shopping
Thinkstock
Cyber Monday online shopping was up 12.2% at noon E.T., compared with the same period a year ago, and the average order value this year is $135.51, flat with a year ago.

Mobile traffic accounted for nearly 40% of all online traffic and mobile devices accounted for 23% of all online sales. The data are collected and reported by the Digital Analytics Benchmark group at International Business Machines Corp. (NYSE: IBM).

The IBM researchers also reported on some interesting trends:

  • Smartphones drove three times the online traffic of tablets, but tablet sales were 19% higher than smartphone sales.
  • Desktop PCs accounted for about 60% of all traffic and 77% of all online sales.
  • The average order size from a desktop was nearly 16% higher than from a mobile device, at $141.14.
  • Apple Inc.’s (NASDAQ: AAPL) iOS platform accounted for more than double the amount of online traffic (27.1% vs. 12.4%) as Google Inc.’s (NASDAQ: GOOG) Android, and iOS sales were more than three times higher than Android sales (17.8% compared with 5%).
  • Facebook Inc. (NASDAQ: FB) drove orders valued at nearly 40% more than orders referred from Pinterest.

The takeaways here are identical with those from data that IBM collected for Black Friday: Smartphone users do more browsing than buying; iPhone users both browse more and spend more than do Android users; and, perhaps most important of all, desktop PCs are far from dead.

ALSO READ: Amazon.com Cuts Some Prices 50%

The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

1 https://www.fdic.gov/national-rates-and-rate-caps

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.