Amazon has dropped the prices of its cloud platform once again, as industry competition for cloud customers remains at an all time high.
Amazon Web Services (AWS) saw the price of its Elastic Compute Cloud (EC2) M3 instances dropped by 10 percent across all regions, effective November 1, the company announced in a blog post on Tuesday.
Almost exactly a year ago, the cloud giant introduced second-generation instances that have up to 50 percent higher absolute processor performances compared to first-generation instances, and are designed for high-powered applications.
Amazon describes M3 instances as providing a balance of compute, memory, and network resources, making it a "good choice for many applications."
M3 instances are designed for high-demand processing requirements, such as media encoding, whereas M1 instances are a viable option for moderate processor performance at a lower overall price.
The new price structure is as follows:
|Instance type||New on-demand price||Old on-demand price|
|M3.xlarge||$0.45 per hour||$0.50 per hour|
|M3.2xlarge||$0.90 per hour||$1.00 per hour|
"Regardless of which region you are running M3 instances in, these price reductions will automatically be reflected in your AWS charges," wrote Amazon's chief evangelist Jeff Barr.