Thursday, October 9, 2008

Amazon Cuts Storage Services Pricing

Seattle-based Amazon Web Services said late Wednesday that the firm is lowering prices for the company's Amazon Simple Storage Service (S3) offering. According to Amazon, it is cutting pricing, and adding tiered pricing scales for the service, which is used by third party web developers to store data on Amazon's servers. Amazon said that it will offere tiered pricing, with breaks at 50TB, 100TB, 500TB, and over 500TB of data storage. Reasons for the price cuts was not given. Amazon's new pricing starts at the current $0.150 per GB per month stored, but drops by $0.01 at each price break. The firm formerly had a flat pricing plan.