If there is one place where everyone goes to buy and sell stuff, it is Ebay. The company now forecasts $23.5 billion in revenues in the next two years. This tops even Wall Street analysts’ estimates.
Ebay estimates that its total volume of merchandise sold will hit $110 billion by the year 2015. Reporting on EBay’s most recent financial forecast, Bloomberg says that the company’s current model has EBay pulling in between $21.5 and $23.5 billion in the year 2015. Analysts had expected EBay to forecast about $21.4 billion. No matter how you slice it, this is big money.
This bright forecast has been helped along by new features like mobile applications and local-shopping tools, which have resulted in share growth of 75 percent since 2008.
Source ElectronistaFiled Under: Technology News