Dropbox announced yesterday that its Pro account ($9.99/mo, $99/year) has now been increased to 1TB of storage (that’s 1,000 GB) along with improved sharing controls and the ability to remotely delete your Dropbox files from your mobile device should it be lost or stolen.
Combine this with the 1TB of photo storage you get with a free Flickr account and you have some serious off-site storage capabilities.
Why did this happen? My guess is it’s related Apple’s upcoming release of iOS 8 and OS X Yosemite (Have you noticed all the apps being updated lately?) which includes a new iCloud Drive. I understand it also includes much lower prices for storage. This is another example of how competition is good for the consumer.