Perhaps in reaction to Google slashing its Google Drive subscription prices by as much as 85%, Amazon has just announced that it too will cut Amazon Web Services’ cloud storage subscriptions by as much as 65 percent.
According to Andy Jassy (Senior Vice President, Amazon), "Lowering prices is not new to us", and is something you can expect us to do 'periodically'. Amazon will cut prices from between 36% to 65% for its EC2, S3, Relational Database Service and Elastic MapReduce services, depending on the product.
This means that users will now pay just US$0.03 per gigabyte of storage till they reach 1TB, US$0.0295 beyond that till they reach 50TB, and so on - ideal for business users and those who really need a lot of cloud storage. Overall, that still makes it more expensive than Google Drive storage, but Amazon claims that their services are faster and more secure. Also announced, is Amazon Work Spaces, a service which allows users to access Microsoft Office and other desktop applications over the Web on their tablets or laptops.
Here’s a quick look at the competition (charges are per month unless stated otherwise):
Source: Tech Times