eBay touts mobile commerce as reason behind aggressive growth

Financial News for Mobile Commerce

Retailer announces strong revenues and earnings in 2012 Online retail giant eBay has announced stronger-than-expected revenues and earnings this week, which has caused shares in the company to spike by 8.5%. According to the company’s report, it has witnessed a 23% increase in its revenue in the second quarter of 2012. The report shows that the company’s net income has increased by 144% over the levels it had been in the second quarter of 2011. eBay CEO John Donahoe believes that he knows exactly why the company has experiences such…

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CEO of eBay says the future is mobile

mobile payments John Donahoe, CEO of ebay

eBay CEO, John Donahoe, spoke at the Open Mobile Summit and stated that consumers are looking for the cheapest price, regardless of where they make the purchase, which means that the future is mobile and not e-commerce. He explained that as mobile is used more widely, the line between conventional retail and e-commerce has been so greatly blurred that the latter is losing all meaning. Today’s consumers are walking into brick-and-mortar shops and are using their mobile devices from there in order to comparison shop for better deals and prices…

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What will it take to keep the M-Commerce ship afloat

M-Commerce

The NFC-driven mobile payment revolution may be coming to an abrupt end before it ever really gained any momentum. Analysts with Gartner Inc., a technology research firm, say that the prospect of mobile payments may be interesting, but the technology needed to facilitate this form of commerce is much more complex than the big players would have consumers believe. Many have stated before that the instigation of mobile commerce is seldom a singular effort. Companies interested in pioneering the field of mobile payments must garner the support of several thousand…

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