Listen Now: $7 Billion In Sales: Cyber Monday Shatters Previous U.S. Record
Tis’ the holiday season and people are celebrating by spending money.
This year’s Cyber Monday is going down as the biggest online selling day in U.S. history with more than seven billion dollars being shelled out, a 19.7% increase from last year.
According to data by Adobe, most people shopped on their cell phones, ironic since cell phones were the biggest sellers.
Televisions and video game systems were other top purchases people made. One of the biggest winners of the day, to no one’s surprise was Amazon. The company said it was its biggest shopping day in history, and its biggest shopping period when you factor in the days since Thanksgiving.
Experts say it’s no surprise Cyber Monday is bringing in big numbers. They say people don’t want to get up early and stand in long lines for deals they can get online. Plus they can do their holiday shopping during their downtime at work or when it’s more convenient for them.
So whether your shopping is done or you’ve yet to get started, tis’ the season to spend…online.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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