Black Friday Rosier Than Expected
The government announced today that the recession is official (Like we didn’t already know). I was cheered up to read an article about holiday shopping written by Chris Maxcer at the E-Commerce Times. Here is a sample.
Online auction powerhouse eBay (Nasdaq: EBAY), has reported that the Nintendo Wii was the most popular product on eBay over the holiday weekend, selling more than 3,100 units with at an average price of US$349. “Wii Fit” sold 1,059 units on the auction site for an average of $140.
Other tech items sold well too, eBay reported. On Shopping.com, a GPS sold every nine minutes, and an MP3 player sold every 11 minutes. Additionally, the hottest products on eBay in this category included the Garmin (Nasdaq: GRMN) Nuvi and the iPod touch, with 596 and 415 units sold, respectively.
The Apple (Nasdaq: AAPL) iPhone 3G’s average price was $547, and the BlackBerry Storm sold for an average of $577. eBay also mentioned the BlackBerry Curve and the T-Mobile Sidekick as popular phones, but the company didn’t break out total sales for electronics other than the aforementioned units.
In addition, data from eBay’s PayPal payment processing system saw 34 percent more transactions than 2007 and showed a 26 percent increase in online payment volume on Black Friday.
This news isn’t ground breaking… but good news is in fact good news!