Amazon’s latest milestone: 150 million Prime members

fox28spokane | February 06, 2020

The online retailer said Thursday it has more than 150 million Prime members worldwide who pay $119 a year for faster shipping and other perks. That’s up 50% from the last time Amazon disclosed the number in 2018. It also surpasses Netflix, which has 139 million members globally who pay to stream movies and TV shows. “More people joined Prime this quarter than ever before,” said Jeff Bezos, Amazon’s CEO and founder. The Seattle-based company also reported financial results for the holiday season that were far better than analysts expected. Its shares soared 10% to $2,055 in after-hours trading Thursday. The staggering number of Prime members is sure to spook other retailers. Analysts have said Prime subscribers typically spend more of their money at Amazon than other places.

Spotlight

If there’s one challenge every online seller faces, it’s this: The e-commerce industry is in a constant state of evolution. Consumers are more tech-savvy and informed than ever before, and they’re continually adopting new methods for online buying. As a result, a whole new set of doors has been opened to manufacturing brands. Once tethered largely to wholesale and resale, brands can now choose from a variety of effective sales channels.


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Spotlight

If there’s one challenge every online seller faces, it’s this: The e-commerce industry is in a constant state of evolution. Consumers are more tech-savvy and informed than ever before, and they’re continually adopting new methods for online buying. As a result, a whole new set of doors has been opened to manufacturing brands. Once tethered largely to wholesale and resale, brands can now choose from a variety of effective sales channels.

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