Monday, December 16, 2013

How the Mobile Category is Affecting Holiday Shopping


One of the most frequent questions I receive, especially this time of year, revolves around how the mobile category is affecting holiday shopping.  Here are links to three articles that may provide a little clarity! 


·       People tend to increase the value of an item the moment they take ownership of it. Psychologists call this the "endowment effect."

·       One recent study found that people who touched an item felt an increased sense of ownership toward it. A follow-up study found that simply imagining touching an object produced the same possessive feeling.

·       In the iPad condition, the endowment effect thrived. On average, test participants using the tablet wanted to sell their item for significantly more than those using the laptop (roughly $213 to $154). Pressing a finger against a digital image on a fake website in a laboratory--that's all it took to make people feel like they owned an item, and to value it more as a result.


·        Americans spent $3 billion shopping online on Thanksgiving and Black Friday, and a quarter of those sales were made with smartphones and tablets, according to Adobe….

·       The trend really applies more specifically to Apple’s iPhones, which drove $126 million in sales, and iPads, which were responsible for $417 million…

·        Adobe said that online shopping on Black Friday peaked between 11am and noon ET, with $150 million in sales that hour…


·       While mobile traffic from Thanksgiving through Sunday accounted for much (41%) of all online traffic, it increased more than a third (35%) from the same period last year, based on the IBM data.

·       Survey Analytics found that while many (62%) of Black Friday shoppers did their shopping online, a third (33%) shopped on mobile phones.

·       Smartphone…  visits increased 69%, page views increased 103%, average order size increased 16% and mobile sales increased 258%.
 
 
"All that we are is the result of what we have thought."
Buddha
 

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