According to Adobe Analytics, US consumers spent $13.3 billion on Cyber Monday, a 7.3 per cent increase from the previous year. This record-breaking figure was part of an overall $41.1 billion spent across the five days beginning Thanksgiving Day.

Adobe Digital Insights lead analyst Vivek Pandya said: "While Cyber Monday remained the season's and year's biggest online shopping day, year-over-year growth was stronger on both Thanksgiving and Black Friday."

Adobe's projections for holiday spending from November 1 to December 31 indicate a total surpassing $240 billion, an 8.4 percent increase from the previous year.

The surge in mobile shopping was a significant contributor to the record Cyber Monday sales. US consumers spent $7.6 billion via mobile devices, which accounted for 57 per cent of all online sales, a substantial rise from 33 per cent in 2019.

"Buy now, pay later" programmes played a crucial role, contributing nearly $1 billion in spending on Cyber Monday. Approximately 75 per cent of these transactions occurred through mobile devices.

Some of the sales might be due to the considerable concern in the US that the prices of electronics will increase by about $300 when President Donald Trump imposes his tariffs on countries that do not like him.

Consumer electronics such as the PlayStation 5, Xbox Series X, and Nintendo Switch OLED were the top-selling items on Cyber Monday.

According to a report from the Consumer Technology Association, about 78 per cent of all consumer smartphones and 87 per cent of consoles were imported from China in 2023.