Amazon slashes cloud prices ahead of re:Invent
The week before Amazon Web Services kicks off its annual re:Invent user conference the company has cut prices of its two biggest products: virtual machines and object storage.
The moves come as some analysts have noted that cloud price cuts have slowed in recent years. Price cuts are not dying though, as AWS’s moves from the past few weeks show.
On Nov. 14 AWS announced between 5% and 10% reductions in the cost of Amazon Elastic Compute Cloud (EC2), it’s core virtual machine IaaS product, effective Dec. 1.
This week, the company announced between 20% and 28% reductions in Amazon Simple Storage Service (S3), also effective Dec. 1. Before the EC2 price reduction this month, that service’s price had not been reduced since January 2016.
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