Amazon raising Prime prices again to $119 a year

Amazon raising Prime prices again to $119 a year

Amazon raising Prime prices again to $119 a year

The president also launched a study of whether Amazon is getting too good of a deal from the US Postal Service.

The number of Prime subscribers has ballooned in recent years.

"The value of Prime to customers has never been greater".

He added that costs related to data centers, fulfillment centers and other investments "scale really well when we have high-volume quarters" like the one Amazon reported. Amazon Studios has already invested in large-scale television projects like their upcoming Lord Of The Rings adaptation that allegedly has a $500 million budget.

Twitch Prime - Free game content every month, member exclusive discount on new release video games and loads more. It had a year-earlier profit of $724 million. It acquired Whole Foods Market for US$13.7 billion a year ago to help it send groceries to shoppers' doorsteps. Those results also exceeded analysts' expectations.

AWS accounted for 73 per cent of Amazon's operating income during the quarter - $1.4bn out of $1.9bn, which is up from $1bn in Q1 2017.

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Analysts on average were expecting US$1.26 per share, according to Reuters. The latter posted a 49% rise in sales compared to previous year, to $5.44 billion. "We continue to see a rise in costs". The retail giant said today that the price will go up to $120 per year, up from $100.

Amazon announced Thursday that it is increasing the price of an annual US Prime membership to US$119 from US$99 starting May 11 for new members and June 16 for renewing members. Amazon sees better engagement among Prime users especially for digital benefits, and "that's always good news for eventual sales of other things". The question of how a retailer can compete against Amazon has become standard in the industry, but it could be based on the wrong premise, considering that there are few retailers with the sprawling (and growing) businesses in cloud services, entertainment, advertising and shipping that Amazon has.

Revenue from third-party sellers paying to promote products on Amazon grew 139% to $2.03 billion, which included $560 million from an accounting change.

Prime Photos - Unlimited photo storage in Amazon Cloud Drive.

Following the call, shares in Amazon rose 7% to a record high, adding $8 billion to the net worth of Bezos. Shares climbed in after-hours trading.

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