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India bet is paying off big time: Amazon's Jeff Bezos tells investors

20 April, 2018, 01:02 | Author: Melinda Barton
  • Tech Today: Chips Sink, Apple Shifts iPhone Plans, Amazon's in Prime Time

Amazon Prime membership has exceeded 100 million paid Prime members worldwide, according to company founder and CEO Jeff Bezos. Amazon Prime began 13 years ago and today counts more than 100 million members.

Up until now, it's been left to analysts and market research firms to estimate Prime subscriber figures, with companies putting the number somewhere between 60 million and 90 million past year. Amazon shares are up almost 70 per cent in the past year, nearly five times the gain in the Standard & Poor's 500 Index.

Bezos added that the data to highlight Amazon's performance was sourced from website ranking company comScore and digital market intelligence firm SimilarWeb.

Amazon have revealed how many Prime members they have for the first time ever and it is a lot of people. We keep making Prime shipping faster as well, with Prime Free Same-Day and Prime Free One-Day delivery now in more than 8,000 cities and towns. About the latter, he writes, "Unrealistic beliefs on scope - often hidden and undiscussed - kill high standards".

Bezos has been just a modest cagey about sharing Amazon statistics.


Amazon also expanded its slate of programming across the globe, launching new seasons of "Bosch" and "Sneaky Pete" from the U.S., "The Grand Tour" from the United Kingdom, and "You Are Wanted" from Germany, while adding new "Sentosha" shows from Japan, along with "Breathe" and the award-winning "Inside Edge" from India.

CNBC reported that Bezos revealed the numbers of the members of Amazon Prime worldwide.

Wednesday's letter to shareholders also mentioned that the company's smart speaker products have also been selling well.

The company also faces new threats. That included a story about a friend who hired a handstand coach in order to flawless a handstand lasting for more than a few seconds, to illustrate that "unrealistic beliefs on scope - often hidden and undiscussed - kill high standards".

He took a philosophical turn: To make a point about the importance of setting high standards, Bezos described a friend so determined to master a handstand that she hired a handstand coach. And the company is betting the Alexa voice-activated platform will become the next wave of interactions between people and devices, supplementing the computer mouse and touch-screen interfaces.

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