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Amazon Web Services Enacts 'Significant' Price Cut

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Computerworld: For the nineteenth time in six years, Amazon Web Services (AWS) has announced that it is reducing the prices for its cloud computing services. This time it will enact a "significant price decrease" of up to 42 percent for Amazon's Elastic Compute Cloud (EC2), Relational Database Service (RDS), ElastiCache and Elastic Map Reduce.

In an effort to attract more large enterprise customers, AWS is offering even better price breaks for companies that reserve a large number of instances. According to the company's blog, "If you own more than $250,000 of Reserved Instances, you qualify for a 10% discount on any additional Reserved Instances you buy (that discount applies to both the upfront and the usage prices). If you own more than $2 Million of Reserved Instances, you qualify for a 20% discount on any new Reserved Instances you buy."

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