Amazon Prime global subscriptions soar 53% January 30, 2015 - 16:47 AMT PanARMENIAN.Net - Amazon has announced its fourth-quarter financial results, confirming that it turned a profit over the holiday period, according to Digital Spy. The online retailer raked in $29.33 billion from holiday sales and reported net income totalling $241 million. While its profits for the period in question were relatively modest, the company's Amazon Prime subscription service saw significant gains. Prime memberships rose by 53% worldwide last year and 50% in the US, with subscribers found to step up their purchases after joining up. Amazon has pledged heavy investment in Prime going forward, and revealed that it ploughed $1.3 billion into Instant Video in 2014. The company is expected to feel the impact of this investment in its next fiscal quarter, during which losses of $450 million have been forecast.  Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Turkey extends military presence in Azerbaijan  The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skillsArmenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |
