Now that Black Friday has come and gone, it is time for Cyber Monday! 24/7 Wall St. has seen an estimate that a whopping 121 million people will shop online on the 2015 Cyber Monday. While the online seller of everything is Amazon.com Inc. (NASDAQ: AMZN), most recently in the news for new drones, it is Amazon that is the true king of e-commerce for Cyber Monday. Some retailers have even been worried through time that their physical sales floors have become virtual showrooms for people to leave and then go buy the same exact item on Amazon for less than that store is offering.
Online shopping experiences can vary greatly from store to store. Jeff Bezos has built an e-commerce empire that has taken service and ease to a new level. Deliveries are free for Amazon Prime on many items, and the company is expected to be the biggest Cyber Monday winner.
Many of Amazon’s own electronic devices have deep Cyber Monday sales. Many other Lightning Deals have already been consumed. Amazon’s Cyber Monday central site lists many Cyber Monday deals, and it is going to be focusing on a Cyber Week as well. The site said:
We have thousands of our best deals right here for Cyber Monday. Some Cyber Monday deals are in limited supply, and all will go quickly–but don’t worry if you miss one, because we’ll keep adding new ones as often as every five minutes throughout the day, and all week long.
Again, there are literally thousands and thousands of deals listed throughout the Amazon network. Below are just some of the Amazon deals and other key savings seen:
- Up to 50% off select Hasbro Toys ($6.99 to $118.99).
- Samsung Wireless Charging Pad with 2A wall charger was being sold to Amazon Prime members for $23.99, down from $99.99.
- Samsung Galaxy S6 factory unlocked 32GB smartphone (U.S. warranty version) was sold for $399.99, $200 less than normal.
- Kindle for Kids Bundle, normally at $139.97, was being sold for $69.99.
- The Amazon Kindle itself was being sold for $49.99, $30 off.
- Amazon Echo is normally $179.99, being sold $30 off at $149.00.
- All-new Amazon Fire TV is being sold for $74.99, down from $99.99.
- The new Kindle Paperwhite is being sold for $99.99, down $20 from the regular $119.99.
- 25% off the Polaroid Cube HD Action Camera, at $74.99.
- Up to 85% off over 800 Kindle Books, today only.
- Up to 40% off Kindle Unlimited, for $44.95 to $143.85.
- LG Electronics 60UF8500 60-inch 4K Ultra HD 3D Smart LED TV for $1,399.99, which is 53% off of the list price of $2,999.99.
- LG Electronics PV150G LED Minibeam Projector with embedded battery and wireless screen share has a list price of $349.99, being sold for $199.99 — or a Lightning deal (already claimed) for $149.99.
Does Bezos think that Amazon’s growth is unlimited? Probably so — and so do analysts on Wall Street. Thomson Reuters expects 20% sales growth in 2015 and 2016. The consensus estimate is over $107 billion in fiscal 2015 and almost $130 billion for fiscal 2016.
Amazon is now over 20 years old, and it is still valued at over 300 times expected 2015 earnings and valued at well over 100 times expected 2016 earnings.