Has Microsoft Entered Google’s Storage Price War?

The cloud storage price war, initiated by Google (NASDAQ:GOOG) early last week, has taken on new combatants as the battle for market share in the emerging cloud market escalates.

While Amazon (NASDAQ:AMZN) is considered to be the best infrastructure-as-a-service provider, Google set out last week to upset the rankings. Amazon Web Services built its cloud service dominance on the platform’s innovative design, its easy-to-use architecture, and its use of economies of scale. But Google has chosen one key front from which to attack Amazon’s success: price. The storage wars took off last Monday, when the company lowered the cost of its Compute Engine storage services by 20 percent. Amazon respond similarly, dropping the price of its storage services by 24 to 27 percent. Google did not let Amazon’s price cuts pass without a response, and the company subsequently lowered prices by an additional 10 percent the following day.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Now Microsoft (NASDAQ:MSFT) has dropped prices as well. Effective on December 12, the company’s Windows Azure Storage will cost as much as 28 percent less.