Posted by Tom Krengel
on 10/26/09

According to eBay CEO John Donahoe, shoppers have already spent about
$400 million on the popular commerce site using the company’s free iPhone application. Ok, the shopping part of eBay’s business brought in $1.4 billion in revenue just last quarter, but who would have predicted around half a billion dollar in sales a year would be recorded through the eBay iPhone app when it debuted on the App Store? According to this report by the Financial Times, some wealthy people have used the mobile app to buy a Lamborghini, a Bentley and a $150,000 boat. And if Mobile Marketer heard Donahoe right when he talked numbers at a summit in Las Vegas, the Lamborghini went for $350,000. Talk about being at ease with making purchases from mobile devices.
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