Half of Amazon's more than 100 million Prime subscribers probably signed up for streamlined shipping, and the others wanted premium video content, said Michael Simon, a staff writer at PC Magazine. The Amazon CEO Jeff Bezos revealed the number of Prime subscribers in his [annual shareholder letter](https://www.sec.gov/Archives/edgar/data/1018724/000119312518121161/d456916dex991.htm) on Thursday. The letter also discussed such esoteric issues as yoga handstands and the qualities of a good memo. Bezos also wrote that Amazon shipped more than 5 billion products to Prime subscribers around the world, and Amazon's video service “continues to drive Prime member adoption and retention.” Bezos did not say how many subscribers signed up primarily for that original video content and how many for shipping, but PC Magazine's Simon said it was “probably split halfway." Whether it was free shipping or premium video content that drove users to pay around $100 a year for Prime, the large number of subscribers highlights Amazon's potential to further disrupt retail and the entertainment industry at the same time. Recent moves also show Amazon's tactics extend to the brick-and-mortar realm: Amazon bought the Whole Foods grocery chain last year and the company announced Wednesday that its smart Fire TVs will be sold exclusively at Best Buy stores later this year, turning one of its biggest competitors into an ally. “This is something of an olive branch,” said Simon. “If this is successful, we could see Best Buy branching out to more exclusive deals, maybe even with exclusive Echo products.” Investors and consumers can likely expect more. As Bezos wrote in his shareholder letter: "You cannot rest on your laurels in this world." For full interview, [click here](https://cheddar.com/videos/amazon-prime-soars-with-100-million-subscribers).

Share:
More In Business
Apple posts stronger-than-expected Q2 results
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Load More