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Fact! The US Department of Commerce reports e-commerce sales in the first Quarter of 2002 were $9.8 billion, up 19.3% percent from the first quarter of 2001.
Fact! The number of internet users will climb to 80% of the US population, or roughly 240 million individuals in less than three years (by 2003).
Fact! Pocket-size computers with wireless Internet access are now available.
Online shopping has become universal - anything you can buy at a store, can now be bought online. Cars, computers, clothes, sporting goods, gifts appliances, books, music, antiques, pharmaceuticals, travel, jewelry... the list is endless.
By 2003, more than 40 million US households will buy on-line, growing Web revenues to an estimated $108 billion -- representing a 69% growth rate.
Homes will have computer access in several locations, allowing the whole family to be connected. It is estimated that 12. 40% of all purchasing will be done on the Internet, during the next 3 years.
On-line retailing is no longer a question mark. Our interviews with 100 on-line merchants reveal that sales are at least double what merchants projected a year ago -- 31% of retailers that disclosed profitability are in the black.
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