Amazon.com Inc. (AMZN) Expands Cloud in Europe

Amazon.com Inc. (NASDAQ:AMZN) is expanding its presence online in Europe and is expecting to make inroads in the tablet space with its new Kindle Fire HS devices, and in correlation with that, the company has been working on expanding its other services for make the Kindle Fire experience better. The latest advance is the expansion of Cloud Drive, which would grant more storage space for Kindle Fire users than what is currently available on the devices.

Amazon.com Inc. (NASDAQ:AMZN) launched its Cloud Drive service in the United Kingdom, Germany and France, and this week announced that the offline storage service is now available in Italy and Spain. The service will allow users to store their digital files on the Internet (in the cloud) and access them via a Cloud Drive app on PC or Macintosh desktops, plus via a web browser. This will be available on Kindle Fire and Kindle Fire HD devices when they hit European store shelves later this month.

Amazon.com Inc. (NASDAQ:AMZN) Cloud Drive customers would get 5GB of storage space for free, with additional levels of storage available for a modest annual fee. Said Russell Dicker, Amazon’s Cloud Drive director: “Now you never have to worry about losing important documents or photos to hard drive crashes, or not being able to access files that are spread between a number of devices. Cloud Drive stores digital files like photos, videos and documents all in one place that is easily accessible from any PC or Mac – and coming soon in Europe, Kindle Fire.”

The Amazon.com Inc. (NASDAQ:AMZN) Cloud Drive service has been growing in popularity, and can be an effective side benefit for those who are looking to buy a Kindle Fire HS. And success in Kindle Fire HD sales this holiday season is something that will be watched by investors like billionaire fund manager Jim Chanos of Kynikos.