Amazon S3 drops prices

Jennifer Scott News
7 Feb, 2012

The cloud colossus claims its innovation is driving down its storage costs.

Amazon Web Services (AWS) today announced the prices for its cloud storage offering had been cut, giving customers a “significant reduction” in their monthly bills.

AWS’ Simple Storage Service (S3) offers scalable public cloud storage to users on a usage per month model and claims its own innovations in its technology means a saving can be passed onto the customer.

“We continue to innovate on your behalf to drive down storage costs and pass along the resultant savings to you at every possible opportunity,” wrote Jeff Barr, senior web services evangelist at Amazon, on the company’s blog.

For your first terabyte (TB) of storage, the price will fall from $0.140 to $0.125, which may seem like peanuts but will mount up as storage capacities expand.

Up to 50TB has dropped from $0.125 to $0.110, up to 500TB has fallen from $0.110 to $0.095 and up to 1,000TB – just under one petabyte (PB) – is down from $0.095 to $0.090.

However, the prices for up to 5,000TB and 10,000TB have remained at $0.080 and $0.055 respectively.

“With this price change, all Amazon S3 standard storage customers will see a significant reduction in their storage costs,” claimed Barr.

“For instance, if you store 50TB of data, on average you will see a 12 per cent reduction in your storage costs, and if you store 500TB of data on average you will see a 13.5 per cent reduction in your storage costs.”

The new prices affect all the current storage on S3, as well as any new additions going forward.

“This could amount to considerable financial savings for many of you,” concluded Barr.

Last week Amazon announced S3 was responsible for storing 762 billion objects, equating to 192 per cent year-on-year growth.

The new prices took effect on 1 February 2012.

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