Black Friday and Cyber Monday sales combine for $5.3B in sales online

Black Friday and Cyber Monday have come and gone leaving in their wake maxed out credit cards and many gifts under Christmas trees around the world. I mentioned earlier this week that Pricegrabber had released the figures for its sales over the important shopping weekend.

Today a company called Retail Decisions has released some information about overall sales during the two big shopping days for the retail industry as a whole. Sales of items on Black Friday and Cyber Monday combined reached an estimated $5.3 billion in online sales.

That number represents an increase o 47% compared to the same period in 2008. The company also listed the most popular product purchased online during the shopping days. The top gadget was a TomTom GPS unit, Kodak digital camera was next, followed by the Nintendo Wii. The business hour for online shopping was from 1300 EST to 1400EST on Cyber Monday with $147 million spent in the hour.