Google made the first move cutting prices of its standard GoogleCloudStorage by 20% and then followed it up with another 10% cut after Amazon followed up by reducing the prices of its S3 cloudstorage services by about 25%.
Google has launched a cloud-based storage service called Google Drive that competes with Dropbox, Sugarsync and other cloudstorage systems to offer both free and paid storage that synchronizes with PCs and Macs.