Cyber Monday Sales Jump 17 Percent, on Pace for Record

Cyber Monday Sales Jump 17 Percent, on Pace for Record
A worker stacks boxes inside of an Amazon fulfillment center in Robbinsville, New Jersey, U.S., Nov. 27, 2017. Reuters/Lucas Jackson
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Cyber Monday was on track to become the biggest-ever internet shopping day in the United States as people snapped up bargains on toys and electronics, with many more buying from their phones.

The shopping event is expected to generate $6.6 billion in sales, up from $5.6 billion a year ago, according to Adobe Analytics, which measured 80 percent of all online transactions from the top 100 U.S. web retailers. As of 10:00 p.m. EST, revenue from smartphones was $1.12 billion.