Thursday January 30, 2014

Amazon Might Raise Prime By Up To $40?

Holy cow, a $40 price hike? Then again, considering the sheer amount of stuff I order from Amazon every year, Prime would still be a bargain for me.

CFO Tom Szkutak said growing transportation costs may cause the online retail giant to add between $20 to $40 to the subscription fee. Prime -- which offers free, two-day shipping on certain items and access to Amazon's Prime Instant Video library and Kindle lending library -- currently costs $79 a year. He said the subscription service, has become very popular in the last nine years. Prime shipments have grown from 1 million to 19 million units, according to Szkutak.

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