Tag: ebay mobile commerce

Mobile commerce becoming more popular with eBay

E-commerce and mobile commerce are gaining momentum and capturing the attention of consumers around the world. As smart phones and tablets become more common, consumers are looking for new ways to shop and purchase products. The more popular mobile commerce becomes, the more companies that emerge looking to establish their hold on the market. They may be unable to compete with those that have long been in the online retail space, however, such as eBay.

Analysts expect eBay to make a major push for mobile commerce in 2013

eBay has come to embrace mobile commerce in a major way. The online retailer saw major results from its mobile commerce initiatives during the 2012 holiday season. These results have helped encourage the company to continue its pursuit of establishing itself as a dominating force in the mobile commerce sector. Analysts from Canaccord Genuity suggest that eBay will continue to see promising results in mobile commerce as online shopping models become more efficient and optimized for mobile consumers.

eBay may soon compete with Amazon

Analysts suggest that eBay will see significant growth, especially in terms of the stock market, in 2013 because of the company’s focus on mobile commerce. Consumers have long been interested in purchasing products online, but have largely been restricted to their PCs. The advent of mobile technology and mobile commerce allow consumers to shop for products wherever they are. Analysts suggest that eBay currently boasts of the most robust mobile commerce services in the retail sector, which could put it in line to compete with Amazon.

Retailers expected to clash in the future

Amazon has also been showing extreme interest in mobile commerce. The company has long been at the head of the e-commerce race, but eBay is quickly becoming a major competitor. Both companies are expected to clash in the mobile commerce arena, with the victor being decided by the company that offers the most intuitive and efficient mobile commerce services to consumers.

The massive online marketplace is demonstrating a continuing upward momentum on smartphones and tablets.

Analysts are discovering that the mobile commerce performance of some of the original players in the smartphone and tablet shopping channels – such as eBay Inc. – are among the top performing locations and that they are now ready to continue the growth they have established.

It is also among these companies that the most established data is available regarding individual performance.

According to Michael Graham, an analyst from Canaccord Genuity, in a letter that went out to clients “E-commerce should continue to grow in the mid-teens as online shopping models become more useful, more efficient and more mobile, and eBay has positioned itself well against this opportunity.”

Analysts are bullish about the positioning that eBay has established in the mobile commerce environment.

Similar to Mr. Graham, Colin Gillis, an analyst from BGC Partners has identified the online marketplace as his top exposure to e-commerce pick for this year. He even issued a statement in the form of haiku that indicated his belief that mobile commerce could lead eBay’s value to one day exceed that of Amazon.

Graham also pointed out that from his company’s perspective, that “We believe eBay’s fundamental outlook is stable and could improve further over the course of 2013”. He explained that the gross merchandise volume (GMV) year over year from eBay has been consistently accelerating. This is because of a number of new and active users. He feels that a rapidly growing number of people are finding at eBay is useful, and that this is “likely driven by mobile”.

Gillis also took the opportunity to point out the value of mcommerce at eBay. In fact, he expressed that his company feels that the online auction site has “the strongest suite of offering for mobile commerce between its PayPal and its marketplace businesses.” He added that nearly one third of all purchases that are made at eBay are done from a smartphone or tablet device. Moreover, its estimates show that it will likely have processed more than $10 billion in mobile payments in the last year.