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Ebay predicts surge in mobile sales

Ebay has said m-commerce will swell over the next year as the online auction retailer reported a 32% rise in sales to $3bn (£1.9m) for the third quarter of the year.

John Donahoe, president and chief executive at eBay, said: “Mobile commerce continues to accelerate as consumers change the way they shop and pay.

“We expect mobile commerce to generate almost $5bn in merchandise volume this year and Paypal mobile to exceed $3.5bn in payment volume”. He added: “Mobile is one way online and offline shopping are blending into a single commerce environment.”

The surge in mobile sales comes as consumers are increasingly turning to their handsets to make purchases. An Interactive Media in Retail Group report found average mobile sales as a proportion of a retailer’s sales have increased from an average of 0.4% at the beginning of 2010 to 3.3% in the second quarter of 2011.

Ebay, which saw GAAP earnings for the quarter rise 14% to $490.5m (£314.8m), said its “strong” quarter was pushed by top-line growth, partially offset by investment in strategic initiatives and acquisitions.

Paypal, eBay’s online payments firm ended the quarter with a 14% increase year-on-year. Sales increased by 32% which it said was driven primarily by increased transactions through eBay and continued use by merchants and consumers.

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