eBay share price boosts from sales jump – Finspreads

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New Delhi, India, January 18, 2013:  The Christmas period proved to be a successful one for eBay, as the internet marketplace’s share price jumped.

In the last three months of the year, the company saw strong demand, with sales rising by 18 per cent to $3.9 billion (£2.5 billion) compared to the previous quarter.

On Cyber monday (November 26th), which is historically seen as the beginning of the festive shopping season, transactions on eBay’s mobile applications doubled year-on-year, while PayPal payments nearly tripled.

The firm claims the growing popularity for making purchases via smartphones helped boost activity, while PayPal payments generated the greatest growth totaling $1.5 billion in revenue.