Earlier this week, Amazon Web Services reduced its prices for its S3 cloud storage service and today, Microsoft is following suit with a price reduction for its own cloud storage services. Locally redundant storage on Azure now matches Amazon’s prices and Azure Storage transactions are getting a 50 percent price cut, which matches Amazon’s latest price cuts. In addition, Microsoft’s Locally Redundant Disks/Page Blobs Storage is seeing a 28 percent price reduction.