Economy

Amazon says Alexa device sales broke records over cyber holiday weekend

Amazon says Alexa device sales broke records over cyber holiday weekend

It seems likely that the company surpassed those records this year, though Amazon didn't provide a specific number this time. It is worth noting here that its metric relates to the overall number of items ordered, rather than dollar-figure sales, though of course there is a strong correlation between the two. It was the largest online shopping day in history.

Amazon accounted for 45% of all online transactions on Thanksgiving and 55% of all transactions on Black Friday, according to analysis by Hitwise.

The retailer also noted an uptick in mobile shopping, saying that orders from the Amazon App on Cyber Monday 2017 had increased more than 50 percent worldwide, compared to previous year. On Cyber Monday, purchases made on smartphones broke records with $2 billion in sales.

The company noted that reaction to the new $129.99 Echo Spot was "incredibly positive"; the bedside device is already sold out for this holiday season.

More news: Subaru Ascent has room for eight and can tow 5000 pounds

Data from consumer insights tracker Hitwise shows Amazon accounting for 54.9 percent of total online transactions in the USA on Black Friday; Walmart was the next-highest with 8.8 percent.

"Amazon customers shopped at record levels. ordering hundreds of millions of products from toys to fashion to electronics and Amazon devices", Jeff Wilke, Amazon's head of worldwide consumer, said in a statement.

Other bestsellers across all categories included the new Fire TV Stick, the new Amazon Echo, and the Fire 7 tablet, the company said.

It's safe to say that Black Friday and Cyber Monday are no longer Amazon's biggest selling days - that accolade now firmly belongs to Prime Day. TVs were the most discounted items on Black Friday and continued to see big price drops into Cyber Monday, according to Adobe.


  • 6% of cancer cases linked to obesity or diabetes

    6% of cancer cases linked to obesity or diabetes

    Study leader Dr Jonathan Pearson-Stuttard said: "A substantial number of cancer cases are attributable to diabetes and high BMI". While men mostly suffered from liver cancer in 42.8 percent of the instances.
    Digital payment fast replacing cash as predominant way: Arun Jaitley

    Digital payment fast replacing cash as predominant way: Arun Jaitley

    Paytm Payments Bank is a mobile-first bank with zero charges on all online transactions and no minimum balance requirement. Going forward Paytm will pour $500 million in KYC operations to make more people eligible for the Payments Bank service.
    War crimes defendant 'drank' poison in court

    War crimes defendant 'drank' poison in court

    Judge Carmel Agius, who had urged the defendant to sit down, put a halt to the hearing as calls were made for an ambulance. The court's original conviction said Tudjman played a leading role in a plan to create a small Croat state in Bosnia.
  • Calls mount to rescue migrants from Libya 'slave trade'

    Calls mount to rescue migrants from Libya 'slave trade'

    Britain, France and Sweden were drafting a statement , the report added. "This is not the moment to pass the buck". The French police officers had to resort to tear gas to disperse the rally which turned violent.
    Bulgaria and Saudi Arabia Sign Two Contracts in Riyadh

    Bulgaria and Saudi Arabia Sign Two Contracts in Riyadh

    Mrs May said: "We have already seen some changes taking place in Saudi Arabia , for example women being allowed to drive". She said Iran's ambassador in Sofia has been summoned for an explanation.
    Uber's Losses Widen as SoftBank Launches Bid to Buy Shares

    Uber's Losses Widen as SoftBank Launches Bid to Buy Shares

    On Tuesday, a consortium led by SoftBank launched a tender offer for shares of Uber . Remaining bidders include SoftBank, Dragoneer, TPG (tslx), Tencent Holdings Ltd .
  • Gillibrand eyes $154B 'Marshall-style' plan for Puerto Rico, Virgin Islands

    Gillibrand eyes $154B 'Marshall-style' plan for Puerto Rico, Virgin Islands

    And when he launched his presidential bid, it was more of a solo protest effort rather than as the leader of a movement. Kirsten Gillibrand, D-N.Y.; Kamala Harris, D-Calif.; and Warren - routinely floated as 2020 presidential candidates.
    The CL fixture holding up Everton's managerial appointment

    The CL fixture holding up Everton's managerial appointment

    Allardyce, 63, has returned from a holiday in the Middle East and is heading to Merseyside to complete what is understood to be a long-term deal.
    Arby's Buying Buffalo Wild Wings

    Arby's Buying Buffalo Wild Wings

    So long as nothing goes wrong, Buffalo Wild Wings and Arby's are expecting the deal to close during the first quarter of 2018. The company had revenue of $534.80 million for the quarter, compared to analyst estimates of $536.10 million.
  • EPS for Auris Medical Holding AG (EARS) Expected At $

    EPS for Auris Medical Holding AG (EARS) Expected At $

    The Altman Z-score depends on five financial ratios that can be calculated from data found on a company's annual 10K report. The stock now shows its YTD (Year to Date) performance of -60.04 percent, whereas its Weekly performance stands at -48.48%.
    Triple WorldSBK champion Rea nominated for BBC SPOTY award

    Triple WorldSBK champion Rea nominated for BBC SPOTY award

    Votes can be cast by phone or online on the evening of the show for the main award. At the World Championships in Budapest, Peaty had another record-breaking campaign.
    Peter Crouch commits to Stoke until the summer of 2019

    Peter Crouch commits to Stoke until the summer of 2019

    The Reds are seven points worse off than they were at this stage last season, when they were second in the league with 30 points. They had a three-match unbeaten run going until the 2-1 loss to relegation-threatened Crystal Palace last weekend.