People are on their phones all the time, surfing the Web, emailing, and more and more, they're beginning to purchase a variety of goods online. According to Bloomberg's BusinessWeek, in 2010, the mobile commerce industry will equal $25.2 billion; by 2015, that number will reach an astounding $129 billion.
Don't call it a comeback
Over the past five years, eBay's
Yet the mobile boom may just be what the doctor ordered for the original online auctioneer.
Consumers are using Apple's
The Foolish conclusion
EBay's second-quarter results were fairly positive; although it saw its marketplace revenues drop, it has been consistently increasing sales from its pay service, which includes PayPal and Bill Me Later. The company expects that the second half of 2010 could be difficult as the dollar strengthens and its revenues abroad translate into few greenbacks. The bad news is that that is out of eBay's control; the good news is that it is growing its mobile service, and it seems to have beaten Amazon to the punch.
What do you think about eBay right now? Selling for 11 times trailing earnings, is this a great tech deal or is eBay just old news? Sound off in the comment section below!
Jordan DiPietro owns no shares. Google is a Motley Fool Rule Breakers pick. Apple, Amazon.com, and eBay are Motley Fool Stock Advisor selections. Motley Fool Options has recommended a bull call spread position on eBay. The Fool owns shares of Google. Try any of our Foolish newsletters today, free for 30 days. The Motley Fool has a disclosure policy.