e-Commerce Sales Forecast To Jump, Cirris Follows Apple Down: Tech Business Update
It is estimated by Forrester that domstic e-commerce sales will rise by 15 percent year-over-year in this shopping season. Amazon.com (NASDAQ:AMZN) saw its North American sales jump by 33 percent year-over-year from 2011 in the third quarter, and should again be a share-gainer, as could be eBay (NASDAQ:EBAY), whose domestic merchandise volume growth, excluding vehicles, increased to 16 percent for the same period in the third quarter because of strong mobile growth. Taken together, the number of shippers is only expected to increase by 3 percent, but it is forecast that the average shopper will spend 12 percent more online.
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Shares of Apple (NASDAQ:AAPL) are off Wednesday, perhaps due to worries about hardware sales, and Cirrus Logic (NASDAQ:CRUS) is following the former as well in the face of its mobile chip peer Qualcomm’s (NASDAQ:QCOM) well-appreciated results and guidance.
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