Apple Signs Massive AWS Contract

Apple reportedly signed a $1.5 billion deal with Amazon Web Services (AWS) over the next five years. CNBC first reported the figure, which equates to more than $30 million per month — a jump of more than 10 percent from the same period last year. Apple is expected to spend more than $360 million on AWS this year, up from roughly $350 million spent in 2018, according to people familiar with the arrangement. The expenditure likely makes Apple one of AWS’ most lucrative clients, exceeding Pinterest, Lyft, and Snap. Apple is also building its cloud infrastructure and plans to spend $10 billion on data centers within five years as it looks to lessen its need on outside cloud providers. – CNBC

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By |2019-04-22T15:19:35-05:00April 22nd, 2019|Latest News|