Amazon Reaches 100 Million Prime Subscribers

Amazon Has 100 Million Prime Subscribers, Jeff Bezos Discloses

The fees are just one way that Amazon makes money off of the program.

Members who subscribe to Amazon Prime receive the main perk of getting free two-day shipping on eligible purchases. If, over the long run, Amazon decides to club all these services under a common Prime subscription fee (it already clubs most of them), then this figure will be almost the same as the average Prime subscription fee per member. Amazon, oddly enough, tends to take the opposite approach.

Amazon CEO Jeff Bezos has revealed that the total number of Amazon Prime Members stand at 100 million, more than the population of Germany. "Prime Day 2017 was our biggest global shopping event ever (until surpassed by Cyber Monday), with more new Prime members joining Prime than any other day in our history".

It's the first time Amazon has revealed a specific number for Prime.

"What we're seeing in Europe and other markets is similar to what we saw in the USA between 2010 and 2014", Hottovy said. I'm both a Netflix and a Prime member.

Bezos writes about how keeping customers happy is a constantly ongoing process, stating, "you can not rest on your laurels in this world". "Customers won't have it". "We estimate that Amazon Marketplace has created 900,000 more jobs worldwide, and that Amazon's investments have created an additional 260,000 jobs in areas like construction, logistics, and other professional services", Bezos wrote. "In fact, people are pretty good at learning high standards simply through exposure". Bring a new person to a high standards team, and they'll quickly adapt. Bezos said in the letter, "The mobile shopping app was also the most downloaded shopping app in India in 2017, according to App Annie".

Backed by investors such as SoftBank, Tencent and Microsoft, Flipkart has stayed on top in spite of intense competition from Amazon. The company's margins have been slimmer than 2 per cent since 2011. The company shelled out around $4.5 billion to fund its home grown content in 2017 and added award-winning Prime Originals, like "The Marvelous Mrs. Maisel", which was victor of two Critics' Choice Awards and two Golden Globes, and the Oscar-nominated movie "The Big Sick".

Amazon over the last few years has expanded its distribution capabilities in the St. Louis area, most recently announcing a new distribution facility in St. Peters, where it will hire 1,500 new workers. In comparison, the company lost $1.28 billion in 2016 on its India business.