Cyber Monday expected to generate record $7.8 billion in online sales

[Shawn Knight]

Bottom line: Holiday spending up to this point is already trending well above last year's performance and there's little reason to believe Cyber Monday 2018 won't set additional records. Much of those sales are coming by way of mobile devices, allowing consumers to shop from virtually anywhere.

Online shoppers in the US spent $6.2 billion on Black Friday. That’s 23.6 percent more than consumers spent online during Black Friday 2017 according to Adobe Analytics.

In its 2018 Holiday Predictions Report, Adobe estimates that Cyber Monday will be the biggest online shopping day with anticipated revenue of $7.8 billion. As of 7 a.m. PST on Cyber Monday, online shoppers have spent $531 million.

That’s a little behind the $643 million pace set on Black Friday but according to the firm, the golden hours of e-commerce are between 7 p.m. and 10 p.m. PST on Cyber Monday. The average visit to an online retailer during these hours is worth $9 and in 2017, more than a quarter of revenue came from smartphones during this period.

For the month of November thus far, consumers have spent $50.62 billion online.

Overall revenue is expected to be higher this year as well as there are 28 days between Cyber Monday and Christmas compared to last year’s 27 days. Adobe also forecasts every day to be a $1 billion day, save for December 22^nd, 24^th and 25^th.

Lead image courtesy Maglara, Shutterstock

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https://www.techspot.com/news/77574-cyber-monday-expected-generate-record-78-billion-online.html

 

[toooooot]

I shopped for intel's motherboard but all the good deals were sold out. Until the next sale we wait.

 

[amstech]

There was a EVGA GTX 1070 for $299.00 on Amazon this morning, so I bookmarked it. Went back an hour later, back up to $415.

 

[Evernessince]

There was a EVGA GTX 1070 for $299.00 on Amazon this morning, so I bookmarked it. Went back an hour later, back up to $415.

EVGA did have good sales if you are lucky enough to snag them. Otherwise you could have snagged a GTX 1070 for $279.99 during eBay's 15% off everything sale on black friday. I got a couple RX 580s for $120 brand new.

I shopped for intel's motherboard but all the good deals were sold out. Until the next sale we wait.

Might not be a good idea to wait too long, the price of Intel processors and motherboards have gone up since the shortage started. Partners are lowering their production of motherboards as Intel struggles to make enough processors to meet demand.

 

[psycros]

Except for a handful of 4K TV markdowns I've been decidedly unimpressed by Black F/Cyber M this year..not as many good deals as 2017. Looking back, every other year seems to have been good. Or maybe prices are just higher this year overall. All I bought was a hard drive and it literally the ONLY significant price drop on storage I could find. I didn't even bother with the mall - busiest I'd ever seen it and I wasn't feeling well.

 

[cliffordcooley]

I didn't even bother with the mall - busiest I'd ever seen it and I wasn't feeling well.