As holiday shopping season unofficially kicked off with Black Friday and Cyber Monday deals, Amazon.com Inc’s mobile shopping app claimed the top spot in Apple Inc’s app store.
Amazon’s shopping app is the top app in the “Top Free Apps” section of the app store as of Tuesday. It began the month ranked 10th, but began trending higher ahead of Thanksgiving and Black Friday. According to reports, traffic at retail stores on Black Friday dropped about 28 percent compared to 2019 numbers.
Amazon shares have also been trending higher during November. The stock has traded as low as approximately $3,285 and as high as about $3,765 so far this month.
Amid increasing download volume and usage, Amazon passed some of the most popular apps in the Apple app store including Snap Inc’s Snapchat, Alphabet Inc’s YouTube, and Meta Platforms Inc’s FB Facebook and Instagram apps.
Price Action
Amazon stocks closed 1.53 percent lower at $3,507.07 on Tuesday.By Adam Eckert
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