Cyber Monday 2016 Predicted As Biggest Online Shopping Day Wiht $3.36 Billion

Posted: Oct 28 2016, 10:41am CDT | by , Updated: Oct 28 2016, 10:43am CDT, in News | Black Friday 2018

 

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Cyber Monday 2016 Predicted as Biggest Online Shopping Day wiht $3.36 billion
Photo Credit: Adobe

Adobe released sales forecast for the Holiday Shopping Season 2016.

The online sale volume on Thanksgiving Day will grow by 15.6 percent compared to last year to $2 billion. Black Friday will grow 11.3% to $3.05 billion, keeping Thanksgiving Day in check. The overall biggest online shopping day is though Cyber Monday 2016 according to Adobe's machine learning predictions.

The Cyber Monday 2016 is forecasted to be the biggest online sales day of all time with $3.36 billion in sales, growing 9.4 percent over last year. The complete Holiday season is will grow 11% to a total of $91.6 billion. This just online sales and not in stores.

Despite slower growth in mobile visits, Thanksgiving Day and Christmas will be the biggest mobile retail days of the year (59 percent and 66 percent respectively). Cyber Monday will see 49 percent in mobile visits with the largest increase (ten percent).

Adobe's analytics foresees VR devices (Oculus, PlayStation VR and HTC Vive), Pokémon, Barbie, Lego, Hot Wheels and Frozen toys, as well as Google Home and Amazon Echo as the hottest Holiday gifts. The announcement of the Microsoft VR headset will reduce the demand for the Oculus and HTC Vive, unless there will be deep discounts. The Microsoft VR headsets cost half the price in Spring and have inside-out sensors.

It is never too early to get ready for Black Friday. We have compiled everything you need to know about Black Friday 2016 in our Black Friday 2016 guide. Find all Black Friday 2016 Ads as soon as they released in this Black Friday 2016 Ad list including the highly anticipated Walmart Black Friday 2016 ad. The first Black Friday 2016 ads are already released and the first early Black Friday 2016 sales are underway.

Read also everything we know about the Amazon Black Friday 2016 sale, which we predict will be largest Black Friday sale in history. Black Friday 2016 is on November 25. The Black Friday 2016 sales begin as early as November 4. Read the latest Black Friday 2016 news.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

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