Cyber Monday sales break records yet again—including $1 billion spent via smartphones

It seems Black Friday’s record online sales haven’t managed to steal Cyber Monday’s thunder.

The sales holiday was on track to beat last year’s total revenue by nearly 17 percent as of Monday night, according to Adobe. If the final hours of the day hold the same pace, sales will have grown at nearly exactly the same rate as the online portion of the retail industry’s Black Friday haul.

Shoppers spent around $3.4 billion in the first half of the day, and sales remained on track to match Adobe’s forecasted total of $6.6 billion as of 10 p.m. eastern time on Monday. For comparison, Black Friday’s total online sales were pegged at around $5 billion. Read more…

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