Google Offers Low-Cost Cloud Service to Chase Amazon on Storage - Bloomberg Business

A new front in the relentless cloud service provider price competition war

"The Nearline product lets customers buy storage for less-urgent files at a penny a gigabyte, less than the 2.6 cents for traditional storage, Google said Wednesday in a post. Under the new program, data takes about 3 seconds for response times -- compared with less than 1 second for the more expensive option.
The new service takes direct aim at Amazon’s low-cost “Glacier” storage product, which charges customers similar prices yet can make them wait for a couple of hours to access, according to Henry Baltazar, an analyst with Forrester Research Inc. He said Amazon hasn’t been forced to compete much on price since the service was started as a replacement for tape-based storage in 2012."

Google Offers Low-Cost Cloud Service to Chase Amazon on Storage - Bloomberg Business