US Cyber Monday internet sales are expected to reach $12 billion as consumers are drawn in by steep deals

 US Cyber Monday internet sales are expected to reach $12 billion as consumers are drawn in by steep deals

The midpoint of the range defies Adobe's earlier prediction of 6.1% increase to $12 billion, indicating a leap of around 8% and allaying fears of a weak Christmas shopping season in 2023.

US Cyber Monday internet sales are expected to reach $12 billion as consumers are drawn in by steep deals.

According to research from Adobe Analytics, US consumers seeking for big savings are expected to increase Cyber Monday online sales from a record $12 billion to $12.4 billion by purchasing items like Barbie dolls and headphones.

The midpoint of the range defies Adobe's earlier prediction of 6.1% increase to $12 billion, indicating a leap of around 8% and allaying fears of a weak Christmas shopping season in 2023.

Salesforce also projects that both internationally and domestically, Cyber Monday online sales will increase by a high single-digit percentage.