tech:

taffy

Mobile Shopping Doubles Over December 2011 Holiday, Reports IBM

[Techtaffy Newsdesk]

The U.S. online retail sector delivered 7.5 per cent growth in December 2011 compared to the same period last year, according to cloud-based analytics findings by IBM. IBM’s findings follow a strong November where both Black Friday 2011 and Cyber Monday 2011 delivered double-digit growth over 2010. On Christmas Day online shopping grew by 16.4 per cent over 2010.

John Squire (Chief Strategy Officer, IBM Smarter Commerce): This past December consumers remained committed to finding the best online deals whether through their PC or mobile device.

Quick look at the highlights of the report:

  • Consumer Spending Increases: Online sales were up 7.5 per cent over 2010.
  • Mobile Traffic: 14.6 per cent of all online sessions on a retailer’s site were initiated from a mobile device, more than double the rate of 5.6 per cent over this same period in 2010.
  • Mobile Sales: Sales from mobile devices doubled, reaching 11 per cent versus 5.5 per cent in December 2010.
  • Apple’s iPhone and iPad ranked one and two for mobile device retail traffic (5.2 per cent and 4.3 per cent respectively). Android was third at 4.1 per cent. Collectively iPhone and iPad accounted for 9.5 per cent over the course of the month.
  • Shoppers using the iPad continued to drive more retail purchases than any other device with conversion rates reaching 6.3 per cent compared to 3.1 per cent for all mobile devices.
  • Department stores continued to offer an array of compelling deals and promotions that caught the attention of consumers. As a result, department stores online sales were up 18 per cent over December 2010.
  • Home goods also reported a 15.6 per cent increase in sales over December with consumers continuing to shift their attention toward the home.
  • Apparel sales were strong last month realizing an increase of 16.3 per cent over 2010.
  • Health and Beauty consumers continued to show a desire to pamper themselves over the holiday with December sales increasing by 16 per cent year over year.

Just in

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.