Microsoft launches personal Office subscription, including iPad editing, for $7 per month

According to a tweet from Microsoft(s msft), 12 million people downloaded the Office iPad(s AAPL) app in the first week since it launched on March 27. But it’s unclear how many actually kept and used the app, due to its required $100 yearly subscription. Price-sensitive Office users may want to take another look, especially after Microsoft launched a personal-sized plan on Tuesday morning that knocks the monthly cost down to a more manageable $7.
The salient difference between Office 365 Home and Office 365 Personal is the number of devices Office can be installed on. The new plan, Office 365 Personal, restricts the license to one PC and one tablet, whereas the more expensive Home plan can be installed on up to five desktops and five tablets. The personal plan also only includes 20 GB of OneDrive space, whereas a Home subscriber can have up to five OneDrive accounts totaling 100 GB of storage.
The amount of storage space may be a reason to upgrade, considering OneDrive is the only cloud service that works with mobile Office. Aside from the number of licenses, the plans feature identical functionality: the Personal plan can be used to edit Office documents on the iPad and even comes with the same 60 minutes of Skype credit.
The Office 365 Personal plan costs $6.99 a month or $69.99 for an annual subscription. For Office users with no need for multiple licenses, that’s a solid 40 percent less than the previously available option. It’s a better deal if you don’t want to share your Office or you’re simply looking out for number one.
A full comparison of the plans is available on Microsoft’s website.