Cyber Monday is on target to be the largest online sales day ever

cyber monday 205 sales estimates couple ordering online laptop 123rf
When it comes to post Thanksgiving sales, Black Friday usually gets all the attention, but Cyber Monday is certainly no slouch. Cyber Monday is the day in which most retailers offer tremendous savings for online purchases, and consumers are gobbling them up big time this year.

According to Adobe, Cyber Monday will likely shatter previous records and is on target to be the largest online sales day ever. As of 10:00 a.m. ET, consumers had already spent close to $500 million, and the company is estimating that the day’s total will be well over $3 billion. That would be a 14 percent increase over last year.

The downside to all of this is that some consumers end up losing out on these deals because there is less supply. Out-of-stock levels hit an all time high today with 15 out of 100 product views showing as out of stock in the morning. This is two-and-a-half times the normal rate.

Star Wars toys seem to be leading the way. The R2D2 Interactive Robotic Droid,  a Toys R Us exclusive, is very hot right now, as are Star Wars: Episode VII The Force Awakens action figures, along with the Lego Star Wars Advent Calendar.

However, there are plenty of deals enticing consumers today not related to Star Wars. Gamers are gobbling up the PlayStation 4 and Xbox One bundles that include either Disney Infinity 3.0, Star Wars: Battlefront, or Fallout 4.

While most consumers are using their desktops to make their purchases, mobile users continue to rise, with 53 percent of all shopping visits coming from mobile devices, accounting for 32 percent of the total sales. The percentage is much higher for actual visits when compared to sales dollars because a lot of consumers will use their phone or tablet to research products, and then use their desktop to make the actual purchase. Of the 32 percent in total sales, 20 percent were from phones, while the other 12 percent came from tablets.

Adobe’s estimates come from its data tracking of over 4,500 U.S. retailers’ websites, which include 80 percent of all online transactions from the top 100 U.S. retailers. The company saw 50 million visits from midnight to 10 a.m. ET this morning.

Emerging Tech

Alibaba’s Singles’ Day sale smashes online shopping records

The annual online shopping frenzy that is Singles' Day this year raked in $30.8 billion, up from $25 billion last time around. The Alibaba-organized event generates more in sales than Black Friday and Cyber Monday combined.

Cyber Monday 2018: When it takes place and where to find the best deals

Cyber Monday is still a ways off, but it's never too early to start planning ahead. With so many different deals to choose from during one of the biggest shopping holidays of the year, going in with a little know-how makes all the…

Everything you need to know about Walmart Black Friday deals

Of the top Black Friday retailers every year, Walmart has always been a leader in the brick-and-mortar category. The mega-store is known for offering deals on products in almost every category, from smart TVs to children’s toys.

Everything you need to know about Macy’s Black Friday and Cyber Monday deals

The most popular shopping holiday is coming soon. During November we will be hunting down Macy's best holiday deals leading up to Black Friday and Cyber Monday. Make sure to come back every week to catch the best savings of the shopping…

Apple to boost its Amazon presence with listings for iPhones, iPads, and more

Apple is about to start offering more of its kit on Amazon. The tech giant currently only has very limited listings on the shopping site, but the deal will see the arrival of the latest iPhones, iPads, MacBooks, and more.

Get your gaming on the go with this list of the 25 best Android games

The Google Play Store is loaded with both terrific and terrible gaming titles. We vetted the store to bring you some of the best Android games available, whether you're into puzzles, shooters, racing games, or something else.

Google’s Gboard now uses A.I. to recommend GIFs based on your conversation

Google is bringing a new feature to Gboard that should make it better for those that regularly use GIFs and stickers. The feature essentially uses A.I. to recommend GIFs and stickers based on your conversation.

Cloudflare’s privacy-enhancing DNS service comes to iOS and Android

Cloudflare's DNS resolver service has been ported to mobile devices, and now anyone with an Android or iOS device can download it for free to take advantage of its speed and privacy-boosting features.

The LG V30+ gets a huge price cut on Amazon, today only

Though Amazon early Black Friday deals began at the start of November, the discounts are only just now starting to get good. Today only, Amazon is offering a whopping 40 percent off the unlocked LG V30+.

These 100 best iPhone apps will turn your phone into a jack-of-all-trades

The iPhone is the most popular smartphone in the world, and we want to bring out the best in yours. Behold our comprehensive list of the best iPhone apps, from time-saving productivity tools to fun apps you won’t be able to put down.

Our favorite Windows apps will help you get the most out of your new PC

Not sure what apps you should be downloading for your newfangled Windows device? Here are the best Windows apps, whether you need something to speed up your machine or access your Netflix queue. Check out our categories and favorite picks.
Social Media

Twitter boss hints that an edit button for tweets may finally be on its way

Twitter has been talking for years about launching an edit button for tweets, but it still hasn't landed. This week, company boss Jack Dorsey addressed the matter again, describing a quick-edit button as "achievable."

Lyft’s new rewards program promises ride discounts and comfier cars

If you're always hopping in and out of a Lyft car, then you'll be pleased to hear that the ridesharing service is about to launch a rewards program. Perks include discounts on future trips and upgrades to comfier cars.

The world’s first smartglasses showrooms open in Brooklyn and Toronto

Canadian startup North is hoping smartglasses will be the next big wearable. After announcing its new Focals smartglasses in October, the company opened product showrooms in Brooklyn and Toronto.