eBay Predicts Mobile Commerce Will Grow 60 Percent in 2012

EBay’s John Donahoe has drawn his mobile prediction line in the sand for 2012, and it is pretty jaw-dropping.
ebay_mobile1

News Byte

EBay Rang Up $2 Billion in Mobile Sales in 2010

EBay said today that global mobile sales more than tripled in 2010, generating nearly $2 billion in gross merchandise volume. (GMV is the total value of all successfully sold items on eBay, regardless of whether the buyer and seller finalized the deal.) While that’s good news for the retailer, which has seen overall revenue growth slow down, it is still a small sliver of the overall pie. In comparison, eBay reported total GMV of $44.9 billion in the first three months of 2010. In the U.S., eBay said mobile sales grew nearly 175 percent year-over-year, generating nearly $850 million in GMV in 2010.

News Byte

EBay Peaks at 9,500 Mobile Transactions an Hour During Holidays

With roughly two weeks to go before Christmas, eBay is predicting that holiday shopping via mobile phones has already peaked. The curve topped out yesterday–on the second Sunday of December, eBay said. In the U.S., mobile gross merchandise volume (GMV) grew to $5 million, a 127 percent increase over the same Sunday last year. On a global basis, mobile transactions generated $13 million, growing 165 percent. The e-commerce site said mobile shopping peaked between 1 pm and 4 pm EST, with more than 9,500 transactions being made per hour.

Oy Vey eBay

Though eBay reported a 29 percent drop in profit for its third quarter Wednesday, the company did deliver revenue that was reasonably higher than Wall Street’s expectations. Not that it mattered much. Investors took eBay out to the woodshed anyway, beating its shares down seven percent in after-hours trading.
ebaystreet

Feedback for eBay: Lousy Seller. Would Not Buy From Again.

If eBay shares were to be listed among the company’s other auctions, buyer feedback would more likely be negative than not. Hurt by the souring economy and increased competition, eBay reported its third consecutive earnings decline Wednesday.