Online Businesses See Cyber Monday Sales Jump

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The Monday after Thanksgiving is known as Cyber Monday because of all the online shopping deals that are offered up. And this year, online retailers had a field day. A survey by IBM of 500 online businesses found sales jumped 30 percent over last year, as millions of people went online to get their fix of holiday gadgets.

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Transcript

DAVID GREENE, HOST:

We begin NPR's business news with some cyber power.

(SOUNDBITE OF MUSIC)

GREENE: The Monday after Thanksgiving is known as Cyber Monday because of all the online shopping deals that are offered up. And this year, online retailers had a field day. A survey by IBM of 500 online businesses found sales jumped 30 percent over last year, as millions of people went online to get their fix of holiday gadgets. Transcript provided by NPR, Copyright NPR.