Amazon Web Services Cuts Price, Challenges Rivals: Tech Biz Wrap

The cloud provider Amazon Web Services (NASDAQ:AMZN) will slash S3 prices by between 24 percent and 27 percent across all regions, demonstrating its ability to add economies of scale to its information tech infrastructure and also offering a taste of how the company plans to use AWS to disrupt “old guard technology companies,” according to Senior Vice President Andy Jassy. AWS holds a head start on its competitors such as Google (NASDAQ:GOOG), Oracle Corporation (NASDAQ:ORCL) and Hewlett-Packard Co. (NYSE:HPQ), but it is thought that all cloud players will challenge its position though they face a more mature rival which serves as the basis of multiple enterprise IT infrastructure. However, the competition between Amazon and Netflix (NASDAQ:NFLX) should not affect the AWS relationship.

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