Online shopping breaks record in US history on Cyber Monday

Cyber Monday has taken its place in history books. Digital transactions on Monday reached a record $6.59 billion, Adobe Insights unveiled Tuesday in its final update on the holiday weekend. That marks a 16.8 percent increase from a year ago and makes Monday the largest online shopping day in U.S. history.

Mobile also had a record day, Adobe found, saying smartphones have become the “de facto device” for on-the-go shopping. Mobile sales on Cyber Monday reached $2 billion for the first time.

“This year, mobile shopping was dominant both in the morning and afternoon, and desktop only staged a comeback in the evening when people were home,” said Taylor Schreiner, director of Adobe’s Digital Insights division.

Adobe measures 80 percent of online transactions from 100 major U.S. retailers.

From Nov. 1 through Nov. 27, $50 billion has been spent online thus far, on track to reach $100 billion by the New Year, the firm said Tuesday.

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