It has always been a secret how many users are paying for the Amazon prime; the company has successfully managed to keep it hidden all these years.
Jeff Bezos, the Amazon owner, said in his letter to the shareholders on Wednesday that after 13 long years of launching the service, Prime has a total of more than 100 million members across the globe.
The profits and fees of the prime membership vary across the world, but the prime membership charges $99 in the U.S for a year and also offers free access to the library of online movies, originals, music tracks, TV shows, and numerous kindle books. Users also get the advantage of the fast and free delivery options along with it for orders they make from the site.
It seemed Bezos was singing praises about his services when he told the shareholders, “In the year 2017, Amazon shipped more than 5 billion products with prime across the world, and more new members kept adding than in any previous year- both in the U.S. and across the world.”
The CEO of Amazon pointed out the members who receive unlimited free two-day shipping in the U.S on more than 100 million items.
When it was established in the year 2005, Amazon prime was quite a basic offering but, since then, it has been expanding to make extravaganza deliveries at a much faster rate.
Amazon has been twitching its prime membership option since years to pull in more shareholders. Josh Lowitz, co-founder and partner of the research firm consumer intelligence research partners, was reported saying, “we think that the monthly membership option appeals to the adopters of the later prime membership with a smaller and temporary commitment that yields a long-term commitment.”