Jeff Bezos: Amazon exceeded 100 million Prime subscribers

Jeff Bezos: Amazon exceeded 100 million Prime subscribers

In addition to membership numbers, Bezos said in the letter that the company had shipped more than five billion items in 2017 as part of its Prime service and that "more new members joined Prime than in any previous year". However, he didn't reveal how many have already subscribed to Amazon Music but stated the figure stands at tens of millions at the moment.

Bezos didn't offer details to the membership growth, but his company has been expanding Amazon Prime to new countries including Mexico, Singapore and the Netherlands.

Those high standards and their elements seem to be manifesting itself, as Amazon has transformed from a e-commerce platform to a tech conglomerate with stakes in several different industries.

The power of Prime members is pronounced: They spend roughly twice as much as nonmembers, Ives says.

All of this corporate triumph, and purportedly unfair practices, has led to the ire of President Donald Trump, who believes that Amazon is pulling one over on the United States Postal Service through supply chain deals. Consumer intelligence research has shown that Amazon Prime members shop on the site almost twice as often as non-prime members.

Trump, Cohen denied exclusive first look at seized documents
For now Hannity's employer, Fox News , isn't commenting on the issue, but even some fellow Fox hosts are raising questions. On Monday evening, Hannity downplayed the legal relationship, saying, "Cohen never represented me in any legal matter".

Bezos noted the milestone in his annual shareholder letter, published Wednesday.

Amazon introduced its first fashion-oriented Prime benefit in 2017, Prime Wardrobe, a new service that brings the fitting room directly to the homes of Prime members so they can try on the latest styles before they buy.

The company on Wednesday also announced a collaboration with USA consumer electronics retail chain Best Buy Co to sell Toshiba and Insignia "smart" Amazon Fire televisions infused with Alexa. Costco (COST) claimed 90.3 million card-carrying members as of the end of its most recent fiscal year, though many of those were multiple members paying through the same account, as paid subscriptions were disclosed as 49.4 million. "If low standards prevail, those too will quickly spread". Our Global Selling program (enabling SMBs to sell products across national borders) grew by over 50% in 2017 and cross-border ecommerce by SMBs now represents more than 25% of total third-party sales. Amazon has a market value about $740 billion.

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

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