The subscribers of Amazon Prime rise to 200 million
From 150 million in 2020, the subscribers of Amazon Prime rise to 200 million according to Jeff Bezos. Amazon’s CEO Jeff Bezos revealed this news early this week by a recent letter to the shareholders. Amazon CEO also revealed that the company made a net profit of around £21.3 billion in the single year of 2020. Surprisingly, it took 13 years for Amazon Prime to have 100 million subscribers but it took just 3 years to add the next 100 million. From the third quarter of 2021, Jeff Bezos will take the role of executive chairperson. Amazon saw a massive boost in its sale and subscription, especially during the pandemic.
Earlier this month, Amazon announced that Bezos will step down as a CEO. In his annual letter to shareholders, his final as CEO of Amazon Prime, Jeff Bezos claimed that they have over 200 million subscribers globally. Bezos further announced that his company has added more than 50 million new members since January 2020. Furthermore, in his final shareholder letter, Jeff Bezos also shared the important lessons and tricks for the investors.
Interestingly, more than 1.90 million small and medium-sized businesses sell their products in Amazon store and they make up close to 60% of the retail sale of Amazon. The last time Amazon released its total number of subscribers was when it revealed its earnings of 2019. At that stage, the company claimed to have 150 million subscribers.
The cost of Amazon Prime is $120 a year or $13 per month. Hence, the subscription of Amazon serves as a platform for consumers to purchase goods. Additionally, the subscription of Amazon Prime also gives access to Amazon Prime Video and Amazon Prime Music. This access to these platforms makes the subscription more interesting. Amazon CEO also claims that the average Prime customer saves 75 hours a year by not going to physical stores.