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$99 annual Apple Music subscriptions auto-renew at discounted price - report

The $99, 12-month Apple Music gift cards recently launched by Apple appear to auto-renew subscriptions for the same length of time, effectively creating a new subscription plan.

At the least, auto-renewing annual subscriptions are in effect for people buying email codes from Walmart, a post from the The Loop's Jim Dalrymple suggested on Wednesday. When entered into iTunes, the codes trigger a message saying a subscription will be renewed at the $99 rate.

Until this week Apple has only been offering monthly plans costing $4.99 for students, $9.99 for most individual listeners, or $14.99 for families. Annual plans typically aren't offered for on-demand streaming —while people can get a 12-month Spotify gift card, it's priced at the standard monthly rate.

Apple could be planning to make 12-month subscriptions a standard option at today's iPhone event, starting at 10 a.m. Pacific time, 1 p.m. Eastern. AppleInsider will be there to provide live coverage.