Amazon welcomed additions of 50 million Prime subscribers because of the pandemic, thus touching 200 million subscribers.
The Amazon Prime CEO Jeff Bezos in his final annual letter to Amazon’ s shareholders revealed an interesting news. The company’ s service now has over 200 million subscribers. According to him the customers have connected more than 100 million smart home devices to Alexa.
“Last year, we hired 500,000 employees and now directly employ 1.3 million people around the world. We have more than 200 million Prime members worldwide. More than 1.9 million small and medium-sized businesses sell in our store, and they make up close to 60 per cent of our retail sales,” Bezos informed.
“Amazon Web Services serves millions of customers and ended 2020 with a $50 billion annualised run rate,” he added. Further he said that the company has created $1.6 trillion for it’s shareholders.
“To be conservative here (and remembering we’re really only trying to get ballpark estimates), I’ll say it’s the same and call AWS customer value creation $38 billion in 2020. Adding AWS and consumer together gives us total customer value creation in 2020 of $164 billion,” he noted.
The CEO further said – “It is not just moving money from one pocket to another. Draw the box big around all of society, and you’ll find that invention is the root of all real value creation. And value created is best thought of as a metric for innovation,”. And according to him, this value creation is not a zero-sum game.
This year Bezos is all set to step down from his position as the CEO of Amazon, making way for Andy Jassy to take over. Although he will remain in his executive chairman role on the Amazon board.
