Amazon Prime Now Boasts More Than 100 Million Members

Amazon CEO Jeff Bezos

Amazon chief Jeff Bezos has revealed in his yearly shareholders letter that Prime now has 100 million members, which he partly attributes to continuing content expansion.

"In the past, Amazon has only disclosed vague information about the number of Prime subscribers, such as it having 'tens of millions of members, '" Fortune reports. For Amazon Prime Membership company charges $99 which includes a slide of perks for the retailers.

Amazon still isn't the king of digital subscriptions, though. With millions of active users and lakhs of orders placed every day, Amazon has become the fastest-growing company in India. Amazon is losing money with its worldwide expansion, but investors will be patient if the company is gaining Prime subscribers, he said.

In a letter to shareholders on Wednesday, the retail giant's CEO wrote of the need to maintain "high standards" to keep pace with customers who are "divinely discontent".

Tesla supplier Verbom gets $11 million to expand in Quebec
Captivating a peek at sell-side analyst insights, we can understand that the recent mean target price for the company is $320.17. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.

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

Overall in 2017, Amazon shipped more than 5 billion items via Prime, its program that offers unlimited free two-day shipping on over 100 million different items in the USA along with other perks (including access to the original and licensed TV shows and movies on Prime Video).

An American electronic commerce company hasn't previously offered a specific number of its Prime members. Amazon is the fastest growing marketplace in India, and the most visited site on both desktop and mobile, Bezos said, citing comScore and SimilarWeb, also noting that the Amazon was the most downloaded shopping app in India a year ago, according to App Annie.

Speaking to Billboard recently, Boom said that key contributors to that success were the growth of the firm's Echo smart speakers and the fact that Amazon is targeting more mainstream music listeners than its rivals. "To achieve high standards yourself or as part of a team, you need to form and proactively communicate realistic beliefs about how hard something is going to be - something this coach understood well". Netflix has 125 million worldwide subscribers who, on average, pay about $120 annually to watch its video-streaming service, based on numbers the company released with its quarterly earnings earlier this week.

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