Cyber Monday expected to surpass $700 Million in Online Spending

Nov 26 2007, 2:00am CST | by Luigi Lugmayr

Comscore expects Cyber Monday (that s today!) to surpass $700 Million in online spending, which would make it heaviest online spending day on record.

Comscore bases this prediction on the 17% increase in online spending so far this year's holiday shopping season (November 1st - 23th). More than $9.3 billion has been spent online during the season-to-date according to Comscore.
Additionally online retail spending was strong on both Thanksgiving Day (up 29% to $272 million) and Black Friday (up 22% to $531 million), outpacing the season-to-date growth rate.

The hottest category continues to be video games, consoles & accessories, which is up 134%versus the corresponding days last year. Sales of Nintendo Wii, PlayStation 3, and popular game Halo 3 continue to drive growth in the category. See also this report about the best-selling products on Black Friday.
Via Comscore.

We will be reporting about the best Cyber Monday deals as they become available. See already Wal-mart's Cyber Monday deals.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.