eBay is doing good business by getting back to its core of helping people find more efficient ways to buy and sell things. And the company has seen better-than-expected success on the iPhone, with 5 million downloads and $500 million in mobile sales (including sales from mobile browsers too) expected by the end of the year. Today eBay is introducing a second free iPhone app, eBay Deals, which scrapes the site’s listings for those with less than four hours left, no bids, no reserve and shipping included. Both iPhone apps now include PayPal integration.
That still pales in comparison to eBay’s total sales; the site had $45.6 billion in gross marketplace merchandise volume in the last four quarters combined. It does make us wonder about revenue from Amazon’s iPhone app, which includes one-click payments and the nifty feature of matching the site’s products to pictures you upload from your phone.
Meanwhile, eBay CEO John Donahue reiterated to Fox Business this morning that he expects PayPal to be a larger business than eBay someday — and of course mobile payments will help drive that growth.