teknolojiarsivi.com May 27, 2018

Amazon Nears Stock Record as Wall Street Praises Prime Milestone

20 April 2018, 01:01 | Vickie Mathis

Amazon packages on a conveyer belt with a warehouse worker in the backgroundMore

Amazon packages on a conveyer belt with a warehouse worker in the background

Amazon Prime service has over 100 million subscribers, is what Amazon CEO and founder Jeff Bezos has revealed in his annual shareholders letter.

One of the most surprising things Amazon CEO Jeff Bezos revealed in his April 18 letter to shareholders was that Amazon Prime now has more members than people who live in Germany.

Prime serves as a "competitive moat" that makes it more hard for other retailers, online and offline, to get people to shop at their stores instead of Amazon, Ives said. Analysts estimated the service had collected more than 90 million subscribers a year ago, though it will come as a surprise to very few that this number has been superseded.

Bezos added that Amazon's "core values and approach remain unchanged" and that retailer continues "to aspire to be Earth's most customer-centric company".

Moreover, the Prime loyalty programme, which Amazon launched in the country in mid-2016, saw its fastest growth in India compared to any of the other geographies where the company has taken it. Amazon is losing money with its global expansion, but investors will be patient if the company is gaining Prime subscribers, he said.

Subscriptions to Prime, which launched 13 years ago, cost $99 in the United States, and come with fast, free shipping as well as online access to movies and television shows.

"Our new jobs cover a wide range of professions, from artificial intelligence scientists to packaging specialists to fulfillment center associates", Bezos wrote. Bezos mentioned 2017 saw Amazon reach 100 million Prime members and 5 billion products shipped through the service. Seven point nine billion pounds paid to Amazon by customers just for the privilege of free shipping (and a ton of other benefits)! He also said that "We think that the monthly membership option appeals to the later Prime adopters, with a smaller, potentially temporary commitment, that ultimately yields a long-term commitment". That included a story about a friend who hired a handstand coach in order to flawless a handstand lasting for more than a few seconds, to illustrate that "unrealistic beliefs on scope - often hidden and undiscussed - kill high standards". 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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