After years of rumors, Google (NASDAQ:GOOG) has finally launched its own cloud storage service — called Google Drive. It makes it easy to move and sync files across a variety of platforms, such as Microsoft (NASDAQ:MSFT) Windows PCs, Apple (NASDAQ:AAPL) Macs and Android devices. Google also plans to make the system available for the iPhone and iPad.
The cloud storage space has been hot. Companies like Box and Dropbox have raised huge amounts of venture capital and are growing at breakneck speed.
So, to deal with the competition, Google is making its service fairly cheap. You get 5G of storage for free, which compares to 2G for Dropbox. If you want to boost it to 100G, the cost is only $4.99. For Dropbox, it’s $14.99.
It also replaces the popular Google Docs system, which allows for the creation and editing of text documents. In other words, Google Drive will be a nice added feature for current users.