- Amazon (NASDAQ:AMZN) tells The Verge that Amazon Music Unlimited subscriptions doubled in the last six months. But the company doesn’t provide a specific number.
- Music Unlimited launched at this time last year. The service offers monthly plans that cost from $3.99 to $14.99 depending on the number of users/devices.
- Ads to $20B: Cenkos Securities analyst Alex DeGroote thinks Amazon’s ad business could be worth $20B by 2020.
- The analyst estimates that North America’s ad market represents about 40% of the global market or $200B currently. He estimates that Amazon has about $63B of the total or a 1.5% market share now.
- DeGroote estimates growth that would put Amazon’s at $8B of the North American market and $20B globally within two years.
- Amazon shares are up 0.9%.
- Previously: Amazon -1% on Trump tweet suggesting post office collusion (April 3)
- Now read: Amazon Doing What It Does Best - Slingshot Insights' Joe McCann's Idea Of The Month
Original article