S&P 500
7,582.20
+0.03%
Dow Jones
51,018.80
+0.58%
Nasdaq 100
30,344.40
+0.25%
Russell 2000
2,916.31
-0.54%
FTSE 100
10,378.60
-0.32%
Nikkei 225
66,231.90
+0.67%

Retail

Cyber Monday Desktop Online Sales Reach $3.4 Billion

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Online Cyber Monday sales from U.S. desktop and laptop computers totaled $3.36 billion, up 26% year over year and a new sales record. Cyber Monday also marked the first day ever that online sales in the United States topped $3 billion.

For the five-day holiday weekend from Thanksgiving Day through Cyber Monday, online sales generated from desktops and laptops totaled $10.21 billion, up 21% year over year. The total number of Cyber Monday online shoppers (including those using mobile devices) surpassed by 11 million Black Friday’s total.

The data were reported Wednesday by comScore.

[nativounit]

Andrew Lipsman, comScore senior vice-president of marketing and insights, said:

Every year it seems there’s talk of the big promotional days becoming less important as promotions get extended across so much of the season, but the data suggest the exact opposite – that the biggest promotional days are only getting more important with time. Online retailers have conditioned consumers to be very responsive to the deals on Black Friday and Cyber Monday, which is why they have consistently shown above-average growth rates year after year.

Other highlights from Cyber Monday shopping included:

  • 140 million Americans visited an online store, with 77 million visits from desktop and laptop users, 103 million visits from mobile device users, and 40 million who used both.
  • The most visited site was Amazon.com followed by Walmart and eBay.
  • Apparel and accessories accounted for nearly $900 million in sales to top all product categories; consumer electronics and computer hardware finished at second and third.
  • Households with annual income of $100,000 or more accounted for 44% of desktop spending.

[recirclink id=427735]

[wallst_email_signup]

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Cyber Monday Was Top Online Sales Day Ever

While much of this year's buzz was around sales totals generated from mobile devices, sales from desktop computers also rose…

Online Desktop Sales Post 11 Days Over $1 Billion, a Record
Douglas A. McIntyre |

Online Desktop Sales Post 11 Days Over $1 Billion, a Record

The picture is incomplete, because it only includes desktop e-commerce sales and not mobile. Still, the figure is impressive, and…

Paul Ausick |

Cyber Monday Sales to Top $2 Billion

ThinkstockIt’s make or break time for U.S. retailers as the Thanksgiving holiday rolls in this week and the shopping phenomena…

Paul Ausick |

The Day After Black Friday: Cyber Monday

ThinkstockWhat has become the largest day for online sales in any given year is nearly upon us again. Cyber Monday,…

Americans Spend Record $3.45 Billion on Cyber Monday
Paul Ausick |

Americans Spend Record $3.45 Billion on Cyber Monday

Cyber Monday 2016 is now in the books with, as expected, a new record for the largest online sales day…

US Shoppers to Spend $124 Billion Online This Holiday Season
Paul Ausick |

US Shoppers to Spend $124 Billion Online This Holiday Season

The holiday season is expected to see online sales grow by nearly 15% year over year. About one of every…

Paul Ausick |

Will Holiday Online Spending Yield More Revenues and Profits?

As of Sunday, December 14, U.S. consumers had purchased nearly $42.5 billion in goods online since November 1, not including…

Paul Ausick |

Cyber Monday Closes Out 5-Day Online Shopping Spree

For all intents and purposes, Black Friday was transformed into Black November this year, with promotional pricing kicking in for…

Adobe: Cyber Monday on Track to Hit $3.36 Billion
Paul Ausick |

Adobe: Cyber Monday on Track to Hit $3.36 Billion

Between midnight and 10:00 a.m. on Cyber Monday, consumers had already spent some $540 million for online purchases. That represents…

Top Gaining Stocks

Dell Technologies
DELL • Vol: 42,366,555
NetApp
NTAP • Vol: 15,911,807
ServiceNow
NOW • Vol: 68,243,561
IBM
IBM • Vol: 28,527,546
Hewlett Packard Enterprise
HPE • Vol: 86,996,387

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Clorox
CLX • Vol: 4,744,001
ResMed
RMD • Vol: 3,526,686
Intel
INTC • Vol: 191,680,425
Skyworks Solutions
SWKS • Vol: 5,407,806