Dropbox doubles the storage for pro users, adds a new 500GB option

Dropbox has doubled the storage for its pro users at the same price as the previous plan, that included 50GB for $9.99 per month or $99 per year and 100GB for $19.99 per month or $199 per year.  For existing users, the storage options will get updated automatically.
Additionally, Dropbox is also adding a 500GB option for its pro users. Previously, only a 1TB and beyond storage option was available that too for only its teams plan. Clearly, this move is aimed at offering storage options that are more competitive with Google Drive and Microsoft Skydrive both of which are perhaps, Dropbox’s most fierce competitors. Despite this dramatic bump in space, Dropbox still cannot compete with Google Drive or Microsoft Skydrive on the basis of sheer pricing.
Google Drive offers a 100GB plan for just $4.99 per month and it charges just $9.99 per month for 200GB of storage. Microsoft Skydrive turns out to be even more economical as it offers 125GB of storage for just $50 per year and it also has a 75GB plan for just $25 per year, however, currently Skydrive does not offer greater storage capacities, which is the only thing that goes in the favor of Dropbox.