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Saturday May 25th 2013

Smartphones influence $159 billion in sales

Deloitte

#Deloitte study says #smartphones currently influence 5.1 percent of annual #retail store sales, translating into $159 billion in forecasted sales for 2012. For the first time in the industry, the in-depth study measures the “mobile influence factor,” or impact of smartphones on in-stores sales.

The mobile influence factor captures the in-store sales driven by consumers’ store-related smartphone activity such as product research, price comparison or other mobile application use.

Deloitte anticipates mobile’s influence, based on consumers’ smartphone use, will grow to represent 19 percent of total store sales by 2016, amounting to $689 billion in mobile-influenced sales. By comparison, direct mobile commerce sales will pass the $30 billion mark by that time, according to industry estimates.

Read more: Apparel

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