Nintendo Wii Console is The Most Popular Product on eBay
SAN JOSE, Calif.--(Business Wire)--
Black Friday saw a buzz of shopping activity, as consumers took to their
computers to snap up hot holiday gifts. eBay Inc. (Nasdaq:EBAY) companies,
including PayPal and Shopping.com, all saw consumers going online for great
deals. The companies reported key online shopping trends, popular categories and
hot gifts.
“Results from Black Friday show that shoppers continue to turn to the Web for
their holiday shopping needs, especially for consumer electronics,” said Jim
“Griff” Griffith, eBay Marketplace Expert. “Online shopping is convenient and
allows consumers to find the best values and vast selection. Shoppers can visit
eBay and Shopping.com to purchase all of their holiday items at unbeatable
prices, and can pay quickly and securely with PayPal.”
Shoppers are Clicking for Deals
With money tighter than ever, shoppers are hitting the Web to find the best
values for their hard-earned cash. A recent Nielsen study found that 78 percent
of adult online users made a purchase on the Web in the past six months.1
Additionally, a recent survey conducted by Survey.com on behalf of eBay found
that getting “great deals” was the most important criteria for shoppers when
choosing where to shop online this holiday season.
Shoppers are taking advantage of the great deals on eBay to find must-have
gifts. Black Friday online shoppers took advantage of eBay’s great deals,
including the Daily Deal, $1 Holiday Doorbusters, Bid from $1 and Microsoft Live
Search cashback. Consumers also turned to Shopping.com for their holiday
shopping needs, searching most often for Nintendo Wii Fit and Nintendo Wii.
PayPal Customers Cash In on Great Offers
Data from PayPal saw 34 percent more transactions than 2007 and showed a 26
percent increase in online payment volume on Black Friday as shoppers cashed in
on exclusive discounts and promotions from some of PayPal’s largest merchants,
including Buy.com. Shoppers who use PayPal to make purchases on Buy.com will
receive up to $20.00 off Buy.com’s already-low prices and free shipping. This
exclusive PayPal promotion gives Buy.com customers’ significant savings on some
of the season’s hottest gifts while ensuring that you can pay quickly and
securely.
PayPal’s Payflow Gateway data shows that on Black Friday consumers are shopping
the most during lunch time, with 11:00 AM to 1:00 PM being the busiest
purchasing time for the past three years.
For more information on PayPal’s Black Friday deals, visit www.paypal.com or
www.buy.com/paypal.
Hot Products Are in Demand
Consumer spending habits this Black Friday suggest that Consumer Electronics
products remain in demand this holiday season. On Shopping.com a GPS sold every
nine minutes and an MP3 player every 11 minutes. Additionally, on eBay, the
hottest products in this category included the Garmin Nuvi GPS and iPod Touch,
with 596 and 415 sold, respectively.
The most searched for product on eBay across all categories this Black Friday
was the Nintendo Wii console, 3,171 of which sold on the site. Following it was
the Nintendo Wii Fit with 1,059 sold on the site.
Below are some of this season's most popular gifts based on Black Friday eBay
shopping activity:
Consumer Electronics
Garmin Nuvi GPS for an average selling price of $258.
iPod Touch for an average selling price of $298.
iPods/iPod Classic for an average selling price of $235.
iPod Nano for an average selling price of $186.
Video Game Consoles/Video Games
Nintendo Wii for an average selling price of $349.
Nintendo Wii Fit for an average selling price of $140.
Sony Playstation 3 for an average selling price of $355.
Rock Band Video Game Bundle for an average selling price of $100.
Smartphones
Apple iPhone 3G for an average selling price of $547.
BlackBerry Storm for an average selling price of $577.
BlackBerry Curve for an average selling price of $256.
T-Mobile Sidekick for an average selling price of $217.
For more information on eBay’s great holiday deals, visit www.ebay.com/deals.
About eBay
Founded in 1995, eBay Inc. connects hundreds of millions of people around the
world every day, empowering them to explore new opportunities and innovate
together. eBay Inc. does this by providing the Internet platforms of choice for
global commerce, payments and communications. Since its inception, eBay Inc. has
expanded to include some of the strongest brands in the world, including eBay,
PayPal, Skype, StubHub, Shopping.com and others. eBay Inc. is headquartered in
San Jose, Calif.
About PayPal
PayPal is the safer, easier way to pay and get paid online. The service allows
users to pay without sharing financial information and gives consumers the
flexibility to pay in any way they prefer, including through credit cards, bank
accounts or account balances. With 63 million active accounts in 190 markets and
19 currencies around the world, PayPal enables global ecommerce. PayPal is an
eBay company (Nasdaq:EBAY). More information about the company can be found at
www.paypal.com.
About Shopping.com
Shopping.com, an eBay company, pioneered online comparison shopping and today is
one of the fastest growing shopping destinations on the Internet with items from
thousands of trusted stores from across the Web. With a singular focus on
shopping, Shopping.com offers shoppers easy-to-use search tools, engaging
content, time-saving navigation, along with millions of product and merchant
reviews from the Epinions community, all in one place. The Shopping.com Network
powers the shopping experience for hundreds of websites. For more information,
please visit www.shopping.com.
1 According to @Plan, Winter 2008/2009 Release by the Nielsen Company.
eBay Inc.
Media Hotline, 408-376-7458
ebaypr@ebay.com
Visit the eBay Holiday Media Source:
http://ebayholidaymediasource.com
Copyright Business Wire 2008
