undergroundnewsroom.com May 27, 2018

Amazon Prime Membership is increasing to $119 per year

27 April 2018, 12:05 | Rodolfo Quinn

Your annual Amazon Prime membership fees are about to increase Brian Heater @ 11 hours

Your annual Amazon Prime membership fees are about to increase		
	Brian Heater

   	11 hours

The company is seeing increased enterprise migrations as customers succeed and try new services, with more workloads and databases moving to AWS, Brian Olsavsky, Amazon SVP & CFO, said on an earnings call Thursday.

Amazon is raising the price of Amazon Prime from $99 to $119 per year. The new price will apply to renewals of existing members starting on June 16.

Prime, Amazon's loyalty club that includes fast shipping, video streaming and other benefits, has been key to the jump in revenue.

It's pretty safe to say that Amazon Prime is a very popular service, what with over 100 million subscribers. The company reported a jump of 29% in its global business losses at $622 million for the quarter ending March 2018 compared to $481 million for the corresponding period past year.

Amazon hasn't raised the annual fee since 2014, but it did raise the rate for customers who pay monthly from $10.99 to $12.99 earlier this year. It reports $724 million, or $1.48 per diluted share during Q1 of 2017, and this year, the company reports $1.6 billion for Q1, or $3.27 per diluted share. Analysts were expecting 85 cents per share on revenue of $25.8 billion.

Rockets vs. Timberwolves: Game 4 Prediction, NBA Playoff Odds
In victories this season, they're averaging 115 points on 47 percent shooting, while allowing just 101.8 points. Houston never made Minnesota uncomfortable in game 3, and must increase the pressure and intensity in game 4.

Sensex, Nifty open lower on global cues
The broader 50-shares NSE Nifty was up 23.90 points (0.22 percent) to 10608.60. The Shanghai Composite index shed almost 0.4 percent to 3,117.97.

Sean Hannity linked to shell companies that spent $90M on property
Representatives for Fox News declined to comment to the Guardian , but Hannity has talked about his views on real estate investing on air.

The price increase is being made because "both the value of Prime and the cost to offer it have increased significantly", according to a statement from Amazon.

AWS generated 73% of Amazon's $1.93 billion overall operating income. The latter posted a 49% rise in sales compared to past year, to $5.44 billion.

The news came as Amazon released first-quarter 2018 earnings on Thursday. 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. In the previous quarter, which included the busy holiday shopping season, it had a profit of more than $1.8 billion.

Earlier in the week, Amazon announced it would begin delivering packages straight to certain vehicles parked at homes, offices and other publicly accessible areas. In addition to offering delivery options to Whole Foods shoppers, the retail giant launched its Amazon Prime rewards program, offering shoppers at Whole Foods 5 percent back on their groceries.

Other News

Trending Now

Armenian politician who forced PM's resignation leads thousands in march
Armenia's political parties in parliament must now put forward the name of a new prime minister within seven days. What happened on Monday in Yerevan, Armenia's capital, was a genuine expression of the will of the people.

Asus Mobile Phones : Latest & New Mobile Phones List
The Zenfone Max Pro M1 sports a 5.99-inch FullView display with Full HD+ (2160 x 1080 pixels) resolution and 18:9 aspect ratio. Apart from 4G VoLTE, the Zenfone Max Pro M1 provides support for Wi-Fi, Bluetooth, GPS including a traditional headphone port.

Khawaja Asif Will Challenge the Decision of IHC in Supreme Court
Asif vowed to challenge the ruling and said he had never concealed his foreign work permit, the Express Tribune reported. The IHC also asked the Election Commission of Pakistan (ECP) to de-notify Khawaja Asif as a member of the Parliament.

Roma's Edin Džeko on Liverpool, Salah and City life
With eight goals in ten Champions League matches, he will be expected to score at least once over the course of the two legs. Klopp obviously realizes how strong City are and how likely they are to be dominant again next season.

Ravens close 1st round with QB Lamar Jackson
This despite a résumé that includes not only the Davey O'Brien and Maxwell awards but also the Heisman Trophy as a true sophomore. The Ravens get the Eagles No. 32, which was used to take Jackson, and the Eagles' 4th round pick at No. 132.

Mets sending Matt Harvey to the bullpen, Callaway announces
Sean Newcomb allowed three runs - two earned - in 5 1/3 innings and had to settle for a no-decision against the Cubs on Saturday. In his last three starts, deGrom is 1-0 with a 3.72 ERA, a 1.14 WHIP, five walks and 23 strikeouts over 19.2 innings of work.

Rapper Meek Mill thanks God, fans, family after release from prison
Philadelphia native and rapper Meek Mill was released from prison today and immediately flew to watch the 76ers. Mill issued a statement saying his five months in jail have been "a nightmare" and thanking all his supporters.

Saudi drone enthusiasts to require permit after 'palace incident'
But the government ruled out any major security breach, adding that an investigation had been launched into the incident. Saudi Arabia's King Salman was not in his palace when gunfire was heard.

Two men charged over serious assault on Irish Liverpool fan outside Anfield
The Egypt global has netted 43 goals in 47 games in all competitions in his first campaign at Anfield. The 19-year-old was at a loss, however, to put into words the quality of Salah's two goals.

Facebook sets out what content it forbids
The appeal process to be built up during the year ahead will extend that right to individual posts, according to Cummiskey. She added , "But we know there will always be people who will try to post abusive content or engage in abusive behaviour".