DropBox consolidated all its plans and is now offering users 1 terabyte for $9.99 a month, making it more affordable compared to other cloud storage providers.
Prior to the price slash, the file-hosting service was offering three options: 100 GB for $9.99, 200 GB for $19.99 and 500 GB for $49.99.
The new plan features some new capabilities, such as view-only permissions for shared accounts. This will come handy for freelance artists who want to show their work to the clients without giving them access to tamper with the work.
According to Business Insider, users can add a password for every single folder or document. The owner of the files can also set an expiration date for shared files and folders. Dropbox can also be programmed to automatically delete all the files once a device is stolen or lost; users can retrieve these files on their cloud service. This feature is called Remote Wipe and is seen as an effective feature, especially since theft cases for mobile devices have been increasing.
Although DropBox has made its Pro service more affordable, it will still have to compete with other companies that offer similar services. To date, DropBox's biggest competition includes Amazon and Google, which both dropped their prices in March. Google is also offering 1 terabyte for $9.99 per month, while Amazon charges 3 cents per GB per month for its premium cloud storage services.
Forbes reported that Apple is also joining the storage competition by announcing a similar offer by mid-September. The company has not yet announced the details of the Apple iCloud Service, but sources said that it might be $3.99 per month for 200 GB. It could be that Dropbox decided to drop its prices ahead of time to avoid losing customers against Apple.
