Apple introduces a cheaper option for App Store subscriptions

Apple is giving App Store developers a new way to attract subscribers with lower-priced plans tied to a yearlong commitment. The company announced on Monday it will introduce a new subscription option that lets customers pay for their auto-renewing subscriptions on a monthly basis, while committing to a 12-month plan. This model will allow developers to offer discounted rates to customers in exchange for more predictable long-term revenue. This also caters to how many developers have already been marketing their annual subscriptions in their apps. Often, app developers will display the lower monthly price to highlight the discount the customer would receive if they purchase the annual subscription instead of the monthly option. If the user is on the fence about a longer-term commitment, the notion that they’re getting a better deal can help to push them towards the annual option.