Microsoft has announced Office 365 Personal, a new subscription option for individuals wanting to use Microsoft's suite of productivity applications. The new subscription plan, which will cost $69.99 per year or $6.99 per month, allows for the use of the Office apps and related services on one PC and one tablet. It also includes 20GB of OneDrive storage space and 60 minutes of Skype calling per month.

From the Office Blogs:

Today I want to announce Office 365 Personal. Coming this Spring, Office 365 Personal is a new, great option for people interested in using Office 365.  It’s designed for an individual, allows for one PC or Mac and one tablet to be connected to the service and will be available for $69.99 USD/year or $6.99 USD/ month (ERP). We recognize that there are households of all shapes and sizes and we’re committed to delivering the right Office for everyone – whether that be one person or an entire household.

The new option is intended to complement the existing Office Home Premium consumer offering, which allows for the use of Office on up to 5 different PCs within the same household and costs $9.99 per month or $99 per year. Once Office 365 becomes available, Office 365 Home Premium will be renamed to Office 365 Home.

The consumer version of Office 365 offers access to PC versions of Microsoft Word, Excel, PowerPoint, OneNote, Outlook, Access, and Publisher. The first four of these also have web versions, which can be accessed for free via Office.com, OneNote.com, or OneDrive.com.

Windows Phone ships with mobile versions of Word, Excel, PowerPoint, and OneNote, with equivalent functionality to Outlook provided by a combination of the People Hub, Email, Messaging, and Calendar apps. This free bundling of the "official" Office mobile apps is used as a key selling point when promoting Windows Phone to potential consumer and business customers, though the reality is that Office-compatiable apps are available for every major mobile platform.