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Amazon Prime may become more expensive

  • Amazon Prime, which comes with a two-day shipping and an access to other perks, may get more expensive. 

    Reports suggest that the company is looking to increase the subscription fee by $20 to $40 in the future, making it the first increase in the annual membership. 

    Rising shipping and fuel costs has resulted in a drop in Amazon's profit margin. "Drones aside, they have to find a way to get the package from the warehouse to the user in a timely way but also in a cost-effective way," an analyst said. He believes that customers won't mind the hike in price. "Where are these customers going to go," VentureBeat notes. 

     

    Tagged as: amazon prime price, amazon prime membership, amazon, money news, business news