Biggest Cyber Monday Ever? Consumers Expected To Splurge $15M Every Minute: Here Are The Top-Selling Items
Portfolio Pulse from Ananya Gairola
Cyber Monday is on track to be the largest online shopping day ever, with consumers expected to spend $12 billion to $12.4 billion. Top-selling items include Nintendo's Switch, Sony's PlayStation 5, and Microsoft's Xbox Series X. The report from Adobe Analytics also predicts that Cyber Week will total $37.2 billion to $38.1 billion in online purchases, accounting for 17% of holiday season spending. Factors contributing to the surge include the use of BNPL services, ongoing discounts, and a significant portion of sales being made through smartphones.
November 28, 2023 | 5:47 am
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POSITIVE IMPACT
Microsoft's Xbox Series X is featured as a top seller for Cyber Monday, indicating a successful sales day for the gaming console.
The inclusion of Xbox Series X as a top-selling item suggests strong consumer interest and could positively influence Microsoft's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Nintendo's Switch is listed as one of the top-selling items on Cyber Monday, indicating strong consumer demand for the product.
Being listed as a top seller on the biggest online shopping day implies robust sales for Nintendo's Switch, which could positively impact short-term stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Sony's PlayStation 5 is among the top-selling items on Cyber Monday, suggesting strong sales performance for the gaming console.
The PlayStation 5's status as a top seller on Cyber Monday could lead to a positive short-term impact on Sony's stock as it reflects high consumer demand.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70