The above graph represents the total number of Amazon Prime members in the US. In December 2019, the number of Amazon US Prime members reached 112 million – the highest-ever till date. That’s 11 million more US Prime members when compared to December 2018, according to new estimates by Consumer Intelligence Research Partners (CIRP).
Amazon US Prime Members: History
As the number of Amazon Prime subscribers increased over the last few years, the revenue from subscription services also increased.
|Source||Consumer Intelligence Research Partners (CIRP)|
|Duration||From December 2013 to December 2019|
Interestingly, in December 2018, the number of Amazon US Prime members surpassed the $100-million mark for the first time. Approximately 9 million new people started using Amazon’s Prime membership in the US between December 2017 and 2018.
Amazon introduced its Prime membership program in Q1 2005, in which members receive free two-day shipping and discounted overnight shipping for $79. In the next 10 years, Amazon successfully added 41 million new US members in its Prime membership club.
As the graph shows, the number of US Amazon Prime Members more than doubled in just two years – from just 25 million in December 2013 to a whopping 54 million in December 2015. This was the first time when Amazon US Prime subscribers count crossed the 50-million mark.
About Amazon.com, Inc: Additional Information
Amazon.com, Inc. (NASDAQ: AMZN) is an American multinational internet and e-commerce company, founded by Jeff Bezos and is headquartered in Seattle, Washington. The company was initially incorporated on July 5, 1994, as Cadabra, Inc, and reincorporated on May 28, 1996, in the state of Delaware.
In July 1995, Amazon began its service as an online bookstore. However, later it started offering an array of products and services to the people around the world. Today, the online retail behemoth has got hands almost in every business related to tech, from retail e-commerce to cloud computing and IoT.
On May 15, 1997, Amazon completed its initial public offering (IPO) of 3,000,000 shares of its common stock, at a price of $18.00 per share.
Amazon’s major products and services include Amazon Web Services, Amazon Prime (February 2, 2005) Amazon Music ( September 25, 2007), Amazon Kindle ( November 19, 2007), Amazon Echo (November 6, 2014), Fire Phone (announced on June 18, 2014), etc.
In June 2013, Amazon finally launched its market place in India.
With $97 billion value, Amazon ranks 4th among the world’s most valuable brands 2019 by Forbes.
The above graph is a part of Dazeinfo GraphFarm – the most trusted source of hundreds of thousands of market graphs. Our team of researchers mines millions of data points every month to bring the most updated and validated set of data points representing the comprehensive view in a graphical format. From mobile to e-commerce, from Retail to healthcare, from startups to SMEs we have carefully designed thousands of graphs for those who value and understand the importance of data visualisation.