Mobile takes large share as Cyber Monday sales jump 16%

|By:, SA News Editor

Cyber Monday Internet sales climbed 16% from last year to a record $2.29B, Adobe estimates, with Internet transactions for the five-day Thanksgiving shopping period jumping 26% to $7.4B.

Sales from mobile devices soared 80% yesterday and accounted for 18.3% of the total.

"This is the first holiday season where mobile is absolutely having its mark on overall retail sales, whether that's from a smartphone or a tablet," says JMP Securities analyst Ron Josey

The National Retail Federation expects Internet transactions to grow 15% to $82B this holiday season, much faster than the 3.9% increase that the NRF projects for total sales.

More on Thanksgiving and Black Friday sales.

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