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Amazon.com lowers rates for S3 cloud storage service
Amazon.com is lowering rate for its cloud-based S3 storage service, in a move that brings its cloud computing services in line with its aggressive pricing strategy on products such as the Kindle Fire tablet. Amazon is lowering prices more than 10% for the first 500 terabytes of data. This is the seventeenth price cut to Amazon’s cloud computing services in the past five years, and the fifth to S3. Amazon says that the number of items stored in its S3 service nearly tripled in 2011, representing the fastest growth since it launched in 2006.
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