The number of Amazon Prime members has reportedly doubled in the past two years
Prime is the gift that keeps on giving for Amazon. According to a new study from Consumer Intelligence Research Partners, Amazon's premium subscription service has now reached 80 million members in the US. As this chart from Statista shows, that's about double the estimated amount Amazon had just two years ago.
Now, it's hard to say exactly how accurate this is; Amazon famously does not give out exact figures for how many Prime subscribers it has. Plus, CIRP even notes that some of its total are either using a free trial or a discounted student (or any other) membership.
But it seems clear that the service is at least growing. That's a very good thing for Amazon; the barrage of Amazon-related perks it packs into each subscription makes Prime users much more likely to spend time on Amazon's site and to buy more things. According to CIRP, the average Prime member spends about $1,300 on Amazon per year, nearly double the estimated $700 spent by non-Prime members. That's on top of the $99 a year (or $10.99 a month) each one pays for a subscription in the first place.
Add all that to its increasingly large AWS cloud business for corporations, and a still-growing online shopping industry, and you can see why some analysts think Amazon will be one of the first trillion dollar companies.
Mike Nudelman/Business Insider/Statista
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore