Cyber Monday 2010 surpassed $1 Billion in Online Sales

Dec 3 2010, 6:49am CST | by Luigi Lugmayr

Cyber Monday 2010 was a huge success for online retailers. According to comScore Cyber Monday 2010 was even the biggest online shopping day in history. Spending on Cyber Monday 2010 surpassed $1 Billion.

We have definitely seen a big increase in online deals on Monday compared to last year. Cyber Monday 2009 had online spending fo $887 million. Overall the Holiday season spending is up 13% compared to last year with $13.55 billion in online spending.

“Cyber Monday was a historic day for e-commerce as we saw daily spending surpass $1 billion for the first time,” said comScore chairman Gian Fulgoni. “The online holiday shopping season has clearly gotten off to a very strong start, which is welcome news. At the same time, it’s important to note that some of the early strength in consumer spending is almost certainly the result of retailers’ heavier-than-normal promotional and discounting activity at this early point in the season. So, while we anticipate that there will be more billion-dollar spending days ahead as we get deeper into the season, only time will tell if overall consumer online spending remains at the elevated levels we’ve seen thus far.”

The increase in Cyber Monday 2010 spending is mostly driven by an increase in average spending per buyer. Nearly half of dollars spent online at U.S. Web sites originated from work computers (48.9%), representing a decline of 3.8 percentage points from last year. Buying from home comprised the majority of the remaining share (45.4%) while buying at U.S. Web sites from international locations accounted for 5.8% of sales.

Cyber Monday 2010 had a lot of great deals in quality electronics. Black Friday 2010 like every year focused on low-end electronics deals and Cyber Monday 2010 offered great deals on great computer hardware and consumer electronics. Only video game deals have been better during Black Friday.

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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.