Will Amazon Prime Reach 200 Million Members by the End of 2020?
Amazon (NASDAQ: AMZN) is experiencing a surge in sales as a result of the COVID-19 pandemic. Customers avoiding making extra trips to the store are turning to the e-commerce giant for deliveries of essentials and other products. Given the recent resurgence of coronavirus cases in states across the U.S., people will likely continue to rely on Amazon an increasing amount.
The unexpected increase is making it difficult for Amazon to fulfill all the extra orders. In fact, it expects to be spending an estimated $4 billion in expenses in the next quarter to help fill orders while keeping its workers feeling safe. Still, people appreciate Amazon's reliability during a time of difficult circumstances. The company is hoping this leads to increased customer loyalty -- allowing it to recoup the investments during the pandemic in the long run.
Amazon has 150 million Prime members. Image source: Getty Images.
Source Fool.com
