eBay iPhone App – Ebay to Earn $2 Billion from iPhone App This Year

eBay iPhone App – Ebay to Earn $2 Billion from iPhone App This Year

Have you ever looked at your mobile phone – like your iPhone, Droid phone, HTC EVO, etc.. – and wondered, “how much money could actually be generated from this little ol’ phone?”

How about $2 billion dollars!

According to eBay’s Chief Executive John Donahoe, Ebay’s iPhone application has been downloaded over 10 million times, and the company expects $1.5 billion to $2 billion in transactions to be conducted using the mobile application this year.

Yeah, that’s both a lot of Ebay iPhone Apps being downloaded, and even more items being purchased through the iPhone.

So if you’ve ever wondered the validity of the iPhone (or any mobile phone) and it’s viability as a source of commerce, then I would say that you need to look no further than Ebay, and the Ebay iPhone App.

Donahoe said its iPhone app was responsible for $600 million in volume last year.

“The digital wallet is going to be a way that will facilitate e-commerce growth,” Donahoe said at the All Things Digital conference on Wednesday.

And from the looks of things, we’ll see the “digital wallet” (aka, the iPhone and all other mobile phones) take on a larger role in conducting commerce on the fly.

  • philipcohen

    Did someone mention eBay/Pay-Pal?

    eBay SEC Form 10-K, 31 December 2009 http://www.sec.gov./Archives/edgar/data/1065088/0

    “Negative publicity and user sentiment generated as a result of fraudulent or deceptive conduct by users of our Marketplaces and Payments services could damage our reputation, reduce our ability to attract new users or retain our current users, and diminish the value of our brand names. We believe that negative user experiences are one of the primary reasons users stop using our services.”

    What? “Fraudulent or deceptive conduct by USERS.” No mention of eBay’s own deliberate criminal facilitation of shill bidding fraud on its buyers by unscrupulous sellers! .

  • Impressive numbers for the auction house. Not 100% sure the projections will become fact but they are doing a lot of good things to keep the company growing.

  • Impressive numbers for the auction house. Not 100% sure the projections will become fact but they are doing a lot of good things to keep the company growing.

  • philipcohen

    Did someone mention eBay/Pay-Pal?

    eBay SEC Form 10-K, 31 December 2009 http://www.sec.gov./Archives/edgar/data/1065088/0

    “Negative publicity and user sentiment generated as a result of fraudulent or deceptive conduct by users of our Marketplaces and Payments services could damage our reputation, reduce our ability to attract new users or retain our current users, and diminish the value of our brand names. We believe that negative user experiences are one of the primary reasons users stop using our services.”

    What? “Fraudulent or deceptive conduct by USERS.” No mention of eBay’s own deliberate criminal facilitation of shill bidding fraud on its buyers by unscrupulous sellers! .

  • philipcohen

    Methinks that this website has a bit of a problem with nonsensical SPAM.

    @Steve,

    And which are the good things that they are doing "to keep the company growing"? Please do tell us, we are all dying to know.

    eBay is going down the toilet Steve; and if you are going to earn your eBay lobbyists's wages, you are going to have to do better than this.

  • philipcohen

    Methinks that this website has a bit of a problem with nonsensical SPAM.

    @Steve,

    And which are the good things that they are doing "to keep the company growing"? Please do tell us, we are all dying to know.

    eBay is going down the toilet Steve; and if you are going to earn your eBay lobbyists's wages, you are going to have to do better than this.

  • Alexacarey

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  • Alexacarey

    This is a valuable information I plan to revisit your blog in the future. Beside of that I think you add more videos and pictures because it helps visitors.:)