There is already an official date for Prime Day 2024the season of special offers, promotions and discounts on Amazon.
The company founded by Jeff Bezos reported that the Prime Day 2024 It will take place from July 16 to 21.
This event, which originally began in 2015 in commemoration of Amazon’s 20th anniversary, has become one of the most significant and anticipated shopping days of the year.
During Prime Day, Amazon Prime subscribers can enjoy a wide variety of discounts on products in all categories, from technology and appliances to fashion and books.
The event not only benefits consumers looking for great deals, but also significantly boosts sales for sellers and brands that participate on the platform.
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What is Amazon Prime Day?
He Amazon Prime Day is a global sales event held every year and characterized by offering great deals and exclusive discounts for Amazon Prime members.
Each year, Amazon seeks to beat its own records, offering more deals and extending the duration of the event, which initially lasted just 24 hours and now spans several days.
This event has set such a significant precedent that other large retailers have begun offering their own sales on nearby dates, in an attempt to compete and capture consumers’ attention. This has led to a sort of “deal season” in the middle of summer, benefiting online shoppers with more options and better prices.
The growth of Amazon
Year after year, Amazon has seen a steady increase in its net income.
In 2023, the company exceeded $570 billion, multiplying its revenue from a decade ago by seven.
Prime Day has been instrumental in this growth, offering lightning deals to its premium customers on millions of products for a limited period.
Furthermore, the COVID-19 pandemic strengthened its position in the global market, taking advantage of the increase in e-commerce demand due to mobility restrictions.
Amazon revenue growth from 2004 to 2023
- 2004: $6.92 billion
- 2005: $8.49 billion
- 2006: $10.71 billion
- 2007: $14.84 billion
- 2008: $19.17 billion
- 2009: $24.51 billion
- 2010: $34.2 billion
- 2011: $48.08 billion
- 2012: $61.09 billion
- 2013: $74.45 billion
- 2014: $88.99 billion
- 2015: $107.01 billion
- 2016: $135.99 billion
- 2017: $177.87 billion
- 2018: $232.89 billion
- 2019: $280.52 billion
- 2020: $386.06 billion
- 2021: $469.82 billion
- 2022: $513.98 billion
- 2023: $574.79 billion
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