In Response To Google, Amazon Announces Massive Price Cuts

[techbeck]

Amazon today announced a new round of price cuts for its S3 storage service, EC2 cloud computing platform and RDS cloud databases that will bring the cost of running applications on Amazon?s platform closer to the new prices Google announced earlier this week.

 

For the first terabyte of data, Amazon?s S3 will now charge $0.03 per gigabyte on standard storage and $0.24 for reduced redundancy storage. In addition, Amazon also cut prices for its EC2 cloud computing instances by up to 40 percent.

Users who store more than 49 terabyte of data will see price cuts, too, though for standard storage, prices never drop under the $0.026 that Google now charges after it abandoned its own storage tiers in favor of a single price.

For Amazon, these are massive price drops. For the first terabyte, the price went from $0.85 per gigabyte, for example. Across the board, Amazon says, these cuts amount to savings between 36 percent to 65 percent.

 

 

For EC2, these price cuts amount to savings of up to 40 percent. Running a standard m3.medium instance, for example, currently costs $0.113 per hour, but with the price cuts, running this instance will cost only $0.07 per hour. That?s the same as using Google?s basic n1-standard-1 instances.

 

More.....

http://techcrunch.com/2014/03/26/in-response-to-google-amazon-announces-massive-price-cuts-for-s3-ec2-and-rds/

[Guest]

This is wonderful. Waiting to see how Microsoft will react. Hopefully they'll be reducing the prices as well, since whenever Amazon had previously reduced their prices, Microsoft have responded in kind.

[Mandosis]

This is really great to see this happening. Now we must wait to see what Microsoft does.

[techbeck]

MS already responded...at least for those who use Sharepoint....

 

https://www.neowin.net/news/microsoft-boosts-sharepoint-online-onedrive-for-business-storage-to-1tb

[Draconian Guppy]

I need to learn how to use amazon glacier for back up at least!

[vcfan]

This is wonderful. Waiting to see how Microsoft will react. Hopefully they'll be reducing the prices as well, since whenever Amazon had previously reduced their prices, Microsoft have responded in kind.

yes, Microsoft has previously made a commitment to match amazon pricing

 

 

 

That?s why today we are also announcing a commitment to match Amazon Web Services prices for commodity services such as compute, storage and bandwidth. 

 

http://blogs.msdn.com/b/windowsazure/archive/2013/04/16/the-power-of-and.aspx