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newsmoments.net May 23, 2018


Jeff Bezos says Amazon Prime now has over 100 million members

19 April 2018, 05:59 | Sam Montgomery

Amazon CEO Jeff Bezos worked a summer at McDonald's. Drew Angerer Getty Images

Jeff Bezos

Amazon's Prime subscription service has exceeded 100 million paid members worldwide, CEO Jeff Bezos revealed for the first time on Wednesday. That day also set a sales record for the e-commerce giant.

Prime members pay $99 a year, or $49 for students, to receive free, expedited shipping on more than 100 million items.


The real money, though, is in the buying power these shoppers wield: Prime members reportedly spend an average of $1,300 a year on Amazon, compared with $700 for its customers who are not members.

Best known as an online retail colossus, Amazon has the leading system for hosting services or content in the internet cloud and is the force behind the Alexa digital assistant being built into a wide array of devices.


If you thought Bezos would respond in his annual letter to Amazon's shareholders and defend the company that made him the world's wealthiest man, you're out of luck. Netflix, by comparison, has 125 million subscribers.

Michael Levin, partner and cofounder of Consumer Intelligence Research Partners, said the figure was on par with his growth estimates. Amazon has previously said it has tens of millions of Prime members in the U.S. and tens of millions internationally. Other benefits also come with the membership, for example at the upscale grocery chain Amazon bought a year ago: "Our Prime member exclusive promotion broke Whole Foods' all-time record for turkeys sold during the Thanksgiving season", Bezos said in his letter. Having "high standards" is the key, he wrote.


Amazon Prime is still growing.



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