Daily Data Dive

PYMNTS Daily Data Dive: Cyber Monday Spectacular!

This year’s Cyber Monday stats are here.

Adobe Digital Insights found that Americans had already spent $540 million in the wee hours of Monday morning (between midnight and 10 a.m. EST). A cool $205 million of that total came from mobile purchases. Nearly 40 percent of Cyber Monday shoppers said they planned to shop first thing in the morning, with just under 25 percent reporting they’d use a mobile device.

Adobe found that 62 percent of shoppers planned to make purchases on Cyber Monday, up 10 percentage points from this year’s already record-breaking Black Friday. Total Cyber Monday sales hit $3.39 billion before the day was out, a growth of 9 percent over last year.

Here are the numbers:

$540 million | Amount spent on Cyber Monday between midnight and 10 a.m. EST.

$205 million | Amount of the above revenues that came from mobile purchases.

40 percent | Percentage of Cyber Monday shoppers who planned to buy first thing in the morning.

25 percent | Percentage of Cyber Monday shoppers planning to buy via mobile device.

62 percent | Percentage of consumers who planned to make a Cyber Monday purchase.

$3.39 billion | Value of total Cyber Monday sales, up 9 percent over 2015.

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Featured PYMNTS Study: 

With eyes on lowering costs to improving cash flow, 85 percent of U.S. firms plan to make real-time payments integral to their operations within three years. However, some firms still feel technical barriers stand in the way. In the January 2020 Making Real-Time Payments A Reality Study, PYMNTS surveyed more than 500 financial executives to examine what it will take to channel RTP interest into real-world adoption. Here’s what we learned.

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