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Shoppers are expected to spend nearly $12 billion on deals during Cyber Monday, the online retail answer to Black Friday.

NEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation.

Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation

A new report suggests the console was a 'hot'

U.S. shoppers spent a record $9.12 billion online on Black Friday, a report showed Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3% on Black Friday, Adobe Inc's data and insights arm Adobe Analytics said, thanks to consumers holding out for…

Cyber Monday spending is expected to break an all-time record with consumers projected to spend between $11.2 billion and $11.6 billion. Black Friday sales also set a new record.

By Uday Sampath Kumar

Cyber Monday is expected to remain the year’s biggest online shopping day and rake in up to $11.6 billion in sales.

Shoppers are expected to spend nearly $12 billion on deals during Cyber Monday, the online retail answer to Black Friday.