Amazon Web Services continues to whittle down the cost of its cloud services and on Monday slashed the cost of its Simple Storage Service (S3) cloud storage offering by 19 percent.
According to AWS, the 19 percent reduction is another feather in the cap for cloud computing as a viable and more affordable alternative to a hard-drive or other on-premise storage option.
"We've reduced the prices for Amazon S3 storage again. As is always the case, the cost to store your existing data will go down," Jeff Barr, Amazon cloud evangelist wrote in a blog post on Monday. "This is markedly different than buying a hard drive at a fixed cost per byte and is just one of the many advantages of using cloud-based storage."
The price cut is effective as of November 1 and applies to new and existing S3 users.
AWS also launched a new 1 TB pricing tier and removed the previous 50 TB to 100 TB pricing tier, a move the company said will offer volume discounts to more AWS S3 users. The new prices for standard storage are available in the U.S. Standard, Europe Ireland and APAC Singapore regions, Amazon said.
Next: The New S3 Pricing