Even though I waited until “Cyber Monday” to make my first online purchase of the holiday shopping season (and plan to have all done over this coming weekend), Black Friday consumers, particularly those interested in consumer electronics, were online in full force. The most searched for product on eBay across all categories was the Nintendo Wii console with 3,171 sold on Black Friday (Wii Fit was the second highest with 1,059 sold on the site). On Shopping.com a GPS sold every 9 minutes and an MP3 player every 11.

According to PayPal, there were 34% more transactions than 2007 and there was a 26% increase in online payment volume on Black Friday. (More …)