Amazon cuts price for data storage on S3

BANGALORE, INDIA: Cloud company Amazon announced that it has reduced the Amazon S3 standard storage prices in all regions, effective February 1st.

With this price change, all Amazon S3 standard storage customers will see a reduction in their storage costs, says post on the company's website.

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

The price reduction applies to all standard storage- both existing storage and new added storage.