You Can Take Our TV and Cell Phones, But Don’t Touch the Internet

Don’t let the throngs of people clamoring for the new iPhone 3G S outside your neighborhood Apple store fool you. A new study from Pew Internet & American Life Project shows that in this time of economic hardship, people are giving up cell phones and TV.

One thing Americans aren’t willing to part with, however, is Internet service. In fact, even in the face of financial turmoil, more and more people are purchasing high-speed Internet.

A few key stats from the study:

You Can Take Our TV and Cell Phones, But Don't Touch the Internet

Don’t let the throngs of people clamoring for the new iPhone 3G S outside your neighborhood Apple store fool you. A new study from Pew Internet & American Life Project shows that in this time of economic hardship, people are giving up cell phones and TV.

One thing Americans aren’t willing to part with, however, is Internet service. In fact, even in the face of financial turmoil, more and more people are purchasing high-speed Internet.

A few key stats from the study:

You Can Take Our TV and Cell Phones, But Don't Touch the Internet

Don’t let the throngs of people clamoring for the new iPhone 3G S outside your neighborhood Apple store fool you. A new study from Pew Internet & American Life Project shows that in this time of economic hardship, people are giving up cell phones and TV.

One thing Americans aren’t willing to part with, however, is Internet service. In fact, even in the face of financial turmoil, more and more people are purchasing high-speed Internet.

A few key stats from the study:

Hallelujah! Cyber Monday Made Gains

Cyber Monday wasn’t a bust!

In fact, the unofficial kickoff to the online holiday buying season made significant gains over last year.

And that’s not even the best news.

“People are expecting that deals will only get better as we approach the Christmas time frame,” explained Youssef H. Squali, an analyst at Jeffries & Co., in a recent article in amNewYork. “So while Cyber Monday is significant, I wouldn’t say today is the only day to track. People may opt to wait a little more.”

Validating Squali’s assessment, comScore spokesman Andrew Lipsman predicts that retailers will see a continued uptick in online sales until Dec. 15, as consumers rush to make sure gifts are shipped in time for the big day.

Attention E-tailers: You're in for a Bumpy Sleigh Ride

Do you hear what we hear?

It’s the sound of cash registers closing as more consumers click their way into holiday debt.

Whether or not we’re in a recession is still the subject of controversy, but one thing’s for sure – though the dollar is comparatively weak, Americans are starved to spend it.

To be fair, as a nation we’re not eager to bequeath our Benjamins as “generously” – we’re going with that term since “absentmindedly” may be unsettling for some – as in the past (or so say industry analysts), but eMarketer’s Online Holiday Sales Forecast suggests that retail e-commerce sales will continue to grow. Take a look.