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Author: newsreporter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25876  
Subject: Mobile Momentum Date: 9/25/2012 12:01 PM
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eBay’s Mobile Momentum: 100M App Downloads, 100M Items Listed

The San Jose-based company says its mobile app has been downloaded 100 million times since its launch four years ago. That’s equal to the number of the service’s active users — those who bought, listed or sold something on eBay last year. The company is not saying how many of those downloaded apps are used regularly, but by at least one measure, activity is fairly high — users have now listed 100 million items to its marketplace using the eBay app, by taking a picture of the item with their phone and uploading all the data within minutes.


Steve Yankovich, eBay’s VP of mobile, said the average transaction on eBay’s mobile apps runs between $30 and $45, in contrast to companies that sell 99-cent mobile games or virtual goods. On the high end, he notes that more than 9,000 cars are sold every week through the app, some of which are priced above $100,000.

Yankovich says they see the most sales coming from the iPhone out of all the smartphone apps, and a lot of transactions are also coming from the iPad and the mobile Web.

Yankovich calls mobile commerce “situational shopping.” Maybe you’re admiring a friend’s fancy new espresso machine, and you buy it on the spot from your phone, he said. Or you’re on the sidelines at your kid’s soccer game, or stuck on the train, or in a meeting, with some spare time for a bit of shopping. “I could be a consumer just for that moment,” he says.


EBay previously forecasted that it would hit $10 billion in revenue on mobile this year. Based on last year’s gross merchandise volume of roughly $60 billion, that works out to 16 percent of the company’s revenue. The main app, which gets a five-star rating on the iPhone, is available in eight languages and in more than 180 countries.
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