In a possible attempt to intensify its completion against OneDrive and Dropbox, Google revealed the new, shockingly low prices of the Google Drive’s monthly storage plans, thereby making cloud storage much more affordable to a wider range of target audience.
The new prices were revealed in a press statement posted on the Google Drive Blog on Thursday by the director of product management, Scott Johnson. According to the new prices, the 100 GB storage that was previously priced at $4.99 per month is now only $1.99 per month.
The price for the 1TB drive storage has also been reduced to just $9.99 per month from $49.99 per month. The price for the 10TB drive storage has been reduced to just $99.99 per month. Of course, the first 15GB of drive storage would always remain free for users.
In order to attract more customers to purchase cloud storage, Johnston also revealed how big 1TB of storage is in his post. “Well, that’s enough storage for you to take a selfie twice a day for the next 200 years and still have room left over for… shall we say… less important things. Like before, storage continues to work across Drive, Gmail and Google+ Photos.”
New users wishing to sign up for the new Google drive storage plans can do so at www.google.com/settings/storage. Google has also revealed that existing users who are currently under a particular storage plan and are paying for the same would be automatically moved up to the next better plan without having to pay any extra charges for the same.
Users in need of larger storage space (for ex: businesses) can extend their storage amount from 10TB in steps of 10 terabytes. A report carried out by Digital Trends also revealed that Google would be more than willing to negotiate a specific pricing plan for a much larger storage plan should the need arise for the same.
A slew of infrastructure improvements within the company was reportedly the reason for this drastic price slash, Google reveals. Whatever be the case, the sudden price drop has made Google Drive storage more affordable for users and has once again placed the company ahead of its competitors in the market.
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On Thursday, Google announced that it had slashed its Google Drive Storage costs significantly. The new prices are more affordable and very competitive with (even lesser) than competitors. With this move, Google aims to make cloud storage more affordable as well as regain its lost position in the cloud storage market.