Report: Apple's monthly cloud storage bill with AWS exceeds $30M

Apple is spending more than $30 million a month for AWS' cloud services, according to CNBC. (Pixabay)

Despite competing against each other on the consumer front, Apple has an almost symbiotic relationship with Amazon.

According to a story today by, Amazon Web Services (AWS) is taking a large financial bite out of Apple every month for storage. Apple spent more than $30 million a month for storage on AWS' cloud in the first quarter of this year, which was a 10% increase from last year, according to CNBC's unnamed sources. If Apple stays the course for the rest of the year on its spending with AWS, Apple's annual spending could exceed $360 million. Last year, Apple paid approximately $350 million to AWS, according to CNBC's sources.

RELATED: Amazon Web Services tops banner year for cloud providers


Like this story? Subscribe to FierceTelecom!

The Telecom industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceTelecom as their must-read source for the latest news, analysis and data on the intersection of telecom and media. Sign up today to get telecom news and updates delivered to your inbox and read on the go.

Over the past few months, Apple signed an agreement that included a commitment to spend at least $1.5 billion on AWS over the next five years, according to a CNBC source. In its most recent fiscal year, Apple had $30.94 billion in operating expenses.

With its customers using more than 1 billion devices each month, Apple has large computing and storage requirements as it works to add more online services, such as iCloud, Apple Pay and AppleCare, to its bottom line to offset market saturation of its iPhones. 

Apple announced in January that it plans to spend $10 billion on its own data centers in the U.S. over the next five years. In December, Apple announced it planned to spend $4.5 billion of that amount through this year, according to CNBC.

While CNBC had the dirt on how much Apple is paying AWS, Apple also relies on Google as another of its cloud providers. Apple has also used Microsoft's cloud tools in the past, according to CNBC, and it has deals in place with smaller third-party cloud providers.

Suggested Articles

Flume has launched with the goal of providing fast, affordable internet connections to at least 600,000 low-income residents in New York City.

Comcast announced that its Comcast RISE program is providing more than 700 Black-owned businesses support including technology upgrades.

IBM is planning to cull about 10,000 jobs in Europe in order to lower costs ahead of its split into two businesses.