Amazon Prime price will increase to $119 in May

Amazon Prime is getting a price hike next month.

@DeekeTweak
Published Thu, Apr 26 2018 6:28 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

On the heels of its latest earnings report, online retail juggernaut Amazon announced a price hike to its massively popular Prime service.

Amazon Prime price will increase to $119 in May | TweakTown.com

Starting May 11, Amazon Prime will increase from its current annual cost of $99 to $119 a year, the company today revealed. The announcement was made during Amazon's first quarter earnings call, and the price hike will be used to balance the rising cost of operations. Over 100 million people subscribe to Amazon Prime worldwide and enjoy free 2-day shipping alongside bonuses like TV and movie streaming as well as free monthly games via Twitch Prime.

Interestingly enough Amazon's subscription services segment (which includes Prime) raked in a huge $3.1 billion in revenue during the three-month period, up 60% year-over-year. The new $119 price will apply to renewals on or after June 16

NEWS SOURCE:finance.yahoo.com

Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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