There have been a number of reports recently which said that the holiday shopping was not meeting expectations this year and had actually declined. Research firm comScore has now come out with online shopping numbers which show the opposite.
Cyber Monday sales increased 17% from last year and is the biggest shopping day for the first time. Sales came in at $2.038 billion.
Black Friday sales increased 26% to $1.505 billion.
“With more than $2 billion in online buying on Cyber Monday to cap an exceptionally strong 5-day period since Thanksgiving, the online holiday shopping season is clearly going very well at the moment and is currently running ahead of forecast,” said comScore chairman emeritus Gian Fulgoni.”Varying reports have also indicated weakness in the consumer economy due to flagging brick-and-mortar sales over the holiday weekend, but what we may really be seeing is an accelerating shift to online buying as mobile phones spur increased showrooming activity. The data we’re seeing suggest it may be more a change in shopping behavior than a lack of consumer demand.”
Here is a historic look at the holiday season sales from 2010 – 2014
According to research firm NPD Group Inc. the PlayStation4 continues to outsell the Xbox One in the U.S. for the fifth month running.
Microsoft has started matching the PlayStation 4 price recently, dropping Xbox One from $499 to $399 however consumers still seem to prefer the Sony product.
The video game industry continues to be big business and is experiencing exceptional growth now totaling $586 million in sales last month, that is an increase of over 50% compared to last year.
While most of the growth came from the PlayStation 4 and Xbox One, the Wii U and Sony’s PS Vita contributed to that as well.
Five years ago the European Union slapped Intel with the fine and on Thursday, the judges at the General Court backed that decision:
They released a statement which was close to 300 pages:
“The Commission demonstrated to the requisite legal standard that Intel attempted to conceal the anti-competitive nature of its practices and implemented a long term comprehensive strategy to foreclose AMD from the strategically most important sales channels.”
“The General Court considers that none of the arguments raised by Intel supports the conclusion that the fine imposed is disproportionate. On the contrary, it must be considered that that fine is appropriate in the light of the facts of the case.”
Intel can continue to fight the fine, the next step would be the Court of Justice of the European Union.