Amazon Prime said to be huge success with more than 10 million members

Amazon’s (AMZN) Prime service is one of the Internet’s hidden gems. For $ 79 a year, the company offers Prime members free two-day shipping and access to thousands of streaming TV shows and movies. For frequent online shoppers, Prime is a no-brainer. While Amazon has never disclosed how many people have signed up for Prime, recent estimates suggest the service is quite successful. Morningstar analyst R.J. Hottovy claims the service is used by more than 10 million members and could contribute roughly a third of Amazon’s operating income, Business Insider reported. A survey of Amazon shoppers revealed that Prime members account for only 4% of Amazon’s 182 million active customers, however they account for nearly 10% of all purchases and spend twice as

Full Story Via Tech News Headlines – Yahoo! News

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