Amazon executives said Thursday that the 20 percent hike is due to higher costs to maintain the program, such as shipping fees. Amazon has not raised the Prime service fee in 2014 from $79 a year to $99.
Amazon got off to a roaring start in 2018, posting a profit during the first three months of the year that easy surpassed analysts' expectations.
The company's fast-growing advertising and cloud businesses drove much of its growth, and contributed to its second straight quarter of billion-dollar profits.
Elsewhere on the call, Amazon said it is expanding across industries following $130 million deal with the US NFL to stream Thursday night games.
Asus unveils ZenFone Max Pro smartphone in India
Vodafone prepaid users will get 10 GB additional data free per month for a year as part of the launch deal. It is powered by the Qualcomm Snapdragon 636 processor, as seen the Xiaomi Redmi Note 5 Pro .
Analysts on average were expecting US$1.26 per share, according to Reuters. The cost of two-hour shipping and delivery from Whole Foods stores also informed Amazon's decision to increase price, he noted.
Overall revenue jumped 43 percent to $51 billion, beating the $49.9 billion analysts expected. Analysts estimated operating income of $1.13 billion of operating income and sales of $52.3 billion.
Global net sales, which were half that of North American sales, rose 34% - compare that to the 16% growth it saw in the first quarter of 2017.
The news came as Amazon released first-quarter 2018 earnings on Thursday.
The Redmond, Wash., company said revenue from its Azure cloud computing service grew 93 percent during the quarter, keeping up the momentum in that space for several quarters. In October, EU competition chief Margrethe Vestager ordered Amazon to pay back "illegal" tax benefits to Luxembourg of around €250 million (£221 million). The company has increasingly targeted the smart home market, and though you don't need a Prime membership for many things, the company keeps some of its best offerings behind that paywall.
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With little information available about the VA nominee, the accusations against him quickly raised alarms on Capitol Hill. He said he told Tester's staff about his interactions with Jackson. "There were complaints to the committee".
NTSB investigators examine the wreckage of the engine on the Southwest Airlines plane that exploded mid flight. As per reports, the window panel also came off and the oxygen masks were also dropped down for passengers.
The incident was filmed by an eye-witness as passengers were boarding American Airlines flight 2446 from Miami to Chicago O'Hare. Video shot inside the terminal shows the man still arguing with officers as they load him onto a security golf cart.
She said the court "has impartially and without prejudice presided over numerous proceedings in this matter since 2008". After his release, Williams said in a statement that the five months he spent in prison "have been a nightmare".
The justices are considering whether President Trump can indefinitely keep people out of the country based on nationality. Justice Sonia Sotomayor said. 'It hurts me because it is singling out and demeaning Muslims due to their faith'.
Last weekend, manager Diego Simeone said that the aim was to the get the 29-year-old fit for the second leg against Arsenal in Madrid on May 3.
Alfie Evans' dad calls for 'Alfie's Army' to STAND DOWN
The Italian government went as far as granting citizenship to Alfie in an attempt to have him immediately transferred to Italy. Alfie's plight has received considerable global media attention in recent days, especially in Italy and the United States.
Alleged love triangle ends in 2 women shot dead in Pa
Radnor Superintendent of Police William Colarulo called it a "calculated, planned attack" in which Gerardot "was lying in wait". They lived and worked together in IN at a branding and package design agency called Gerardot & Co., co-founded by Mark.
Sensex ends 165 points higher; Nifty settles at 10614
The market breadth was narrow as 1391 shares advanced against a decline of 1290 shares, while 165 shares were unchanged. Hindalco, Nalco, Vedanta and Jindal Steel were among major losers in the BSE metal index, diving up to 8 percent.
Saints won't match Ravens offer for Willie Snead
Hampered by a three-game suspension and a hamstring injury, Snead was limited to eight catches for 92 yards a year ago . Snead will likely appear on the depth chart as the second or third receiver for Baltimore.
RG's new motto: 'Save girls… Protect them from BJP leaders'
When Rahul says the Congress made the Constitution, he is continuing his family legacy of humiliating Bhimrao Ambedkar, Shah said. Even if you are against us, we will defend and support you", said Congress President Rahul Gandhi at the launch event.