Google has announced a price cut on Drive, its cloud storage system, with current subscribers set to automatically pay less.
100 gigabytes of storage will now cost $1.99 per month, previously $4.99. One terabyte will be $9.99 per month, down from $49.99.
[seealso slug=http://sale-online.click/2012/04/24/google-drive-compared/%5D%3C/p%3E%3Cp%3E"Today, thanks to a number of recent infrastructure improvements, we’re able to make it more affordable for you to keep everything safe and easy to reach on any device, from anywhere," Scott Johnston, director of product management at Google wrote in a blog post.
Plans for 10 TB or more will still start at $99.99. People will still be able to use up to 15 GB of storage of free.
The new prices will take affect without subscribers needing to do anything.
The price cuts follow the recent launch of "Add-ons," which allow third-party platforms to integrate into certain parts of Drive, including faxes or conference calls.
The move also comes as two other companies that specialize in cloud storage - Box and DropBox - are thought to be preparing IPOs.
Google's prices now undercut those competitors, with Box offering 100 GB for $5 per month and DropBox's 100 GB plan at $9.99 per month.