The value of purchases made on mobile phones last year grew 365 percent to NT$4,629 (US$152.45) per person from NT$994 the previous year, as more shoppers in Taiwan placed orders using handheld devices, the Market Intelligence and Consulting Institute (MIC, 資策會) said in a report yesterday.
The average value of purchases on PCs last year was much higher at NT$17,427 per person, but experienced a significantly milder increase of 1.3 percent from the NT$17,203 the previous year, the report showed.
“There is a growing trend of more people using their handheld devices to buy electronic products or clothing online,” MIC analyst Chen Ying-chu (陳映竹) said in a report.
Chen said online shopping is becoming increasingly individualized, compared to the “group buying” offered by many early adopters of mobile shopping sites or apps, which involves offering products at significantly reduced prices on the condition that a minimum number of buyers make the purchase.
The institute’s report was compiled based on a survey of 4,073 online shoppers aged 20 or above that was conducted in January and February.
The poll showed that the number of respondents who bought products using handheld devices or mobile apps last year increased by between 3 and 4 percent annually to account for 8.6 percent and 7.6 percent of total online shoppers respectively.
Respondents who said they surf the Internet every day spent about 2.6 hours daily searching for information on various Web sites last year, 0.4 hours of which was devoted to “window-shopping” at e-commerce sites, the survey said.
“It is understandable that more people buy online because most e-commerce sites make the shopping process simpler and quicker,” Chen said, citing the average of 20 minutes it takes online shoppers to complete a purchase.
As telecom operators prepare to launch 4G services as early as the second half of the year, the popularity of online shopping is likely to continue increasing this year from last year, the MIC said.
Mercuries Life Insurance Co (三商美邦人壽) shares surged to a seven-month high this week after local media reported that E.Sun Financial Holding Co (玉山金控) had outbid CTBC Financial Holding Co (中信金控) in the financially strained insurer’s ongoing sale process. Shares of the mid-sized life insurer climbed 5.8 percent this week to NT$6.72, extending a nearly 18 percent rally over the past month, as investors bet on the likelihood of an impending takeover. The final round of bidding closed on Thursday, marking a critical step in the 32-year-old insurer’s search for a buyer after years of struggling to meet capital adequacy requirements. Local media reports
US sports leagues rushed to get in on the multi-billion US dollar bonanza of legalized betting, but the arrest of an National Basketball Association (NBA) coach and player in two sprawling US federal investigations show the potential cost of partnering with the gambling industry. Portland Trail Blazers coach Chauncey Billups, a former Detroit Pistons star and an NBA Hall of Famer, was arrested for his alleged role in rigged illegal poker games that prosecutors say were tied to Mafia crime families. Miami Heat guard Terry Rozier was charged with manipulating his play for the benefit of bettors and former NBA player and
TECHNOLOGICAL RIVALRY: The artificial intelligence chip competition among multiple players would likely intensify over the next two years, a Quanta official said Quanta Computer Inc (廣達), which makes servers and laptops on a contract basis, yesterday said its shipments of artificial intelligence (AI) servers powered by Nvidia Corp’s GB300 chips have increased steadily since last month, should surpass those of the GB200 models this quarter. The production of GB300 servers has gone much more smoothly than that of the GB200, with shipments projected to increase sharply next month, Quanta executive vice president Mike Yang (楊麒令) said on the sidelines of a technology forum in Taipei. While orders for GB200 servers gradually decrease, the production transition between the two server models has been
BETTER THAN EXPECTED: The firm’s Q3 results exceeded its projections, based on ‘the underlying strength of our core markets,’ chief financial officer Dave Zinsner said Intel Corp returned to profitability and gave an upbeat revenue forecast after PC demand grew, suggesting that it is making progress on a long and challenging comeback attempt. In the third quarter, revenue rose 3 percent to US$13.7 billion. The Santa Clara, California-based company posted its first quarterly net income since the end of 2023, with earnings per share of US$0.23, excluding some items. Analysts had estimated sales of US$13.2 billion and earnings per share of US$0.01 on average, according to data compiled by Bloomberg. Fourth-quarter sales would be roughly US$13.3 billion, the company said in a statement on Thursday. Intel shares gained about