Amazon reported on their Amazon Web Services website that they are reducing storage pricing fpr Amazon AWS S3 effective November 1st. The price reduction impacts both standard and reduced redundancy storage (which is used for backups, etc.). They indicated that the reduced pricing is due to Amazon's reduced operating costs which they are passing through to subscribers.
For example, storage charges for up to 1 TB of data used to be $.15 per GB per month. This has been reduced to $.14 per GB per month. Check Full AWS S3 Pricing for details.
Also beginning on November 1st, Amazon has introduced an AWS Free Usage Tier to help customers get started with cloud computing. Under this plan, customers will be able to have a free Amazon EC2 Micro Instance for 1 year and also be given 5 GB of storage. Check out the AWS Free Usage Tier documentation for more. I think it's safe to say that everyone likes seeing prices go down and free is even better. Thanks Amazon!
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