For storage, maybe, but I would think the bandwidth is the actual cost not the storage, and cloud is definitely not in a race to the bottom on bandwidth pricing.
Bandwidth went the same way, AWS/Azure/GCP don't translate it to the customers purely for commercial reasons[1]. Also, Amazon.com (or whatever is the division owning DPReview) doesn't pay the retail price for traffic-out, for sure. The discounts for very big customers are very important.