Spending on Mobile Devices Soaring

Spending on Mobile Devices Soaring

November 16, 2012         Written By Bill Hardekopf

Two new studies show how rapidly shopping habits are shifting to mobile devices.

A Javelin Strategy & Research study reveals over $20.7 billion in sales took place on mobile devices last year. This includes both online and in-store shopping.

The report underscores how retailers need to adjust to this booming mobile commerce, especially in the area of tablets. The report found a significant increase in spending when consumers use a tablet. Tablet users spend an average of $10 more per purchase than a mobile phone user.

Another study highlights the exponential growth expected in mobile devices in the next five years.

The IDC Financial Insights report, Technology Selection: Worldwide Mobile Payments 2012-2017 Forecast, predicts that purchase volume on mobile devices throughout the world by consumers and businesses will exceed $1 trillion by 2017.

According to IDC, the majority of this volume will come from mobile commerce which includes both e-commerce through a mobile web browser and the purchase of digital media.

This entry was posted in Credit Card News and tagged mobile devices , mobile payments , smartphones , tablets

The information contained within this article was accurate as of November 16, 2012. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf