Microsoft has finally released the pricing details of their next Office suite update.

The company seems to be targeting both consumers and business segment for a subscription based plans which are cheaper provided you want to stay updated to the latest edition and have multiple devices to run them on!

Here are the basic details: Click here for complete details

Microsoft Office 365 Home Premium $99.99/year

Runs on 5 PCs or Macs
Designed for home users
Costing USD 100 per year
Includes:
Microsoft Word
Microsoft Excel
Microsoft PowerPoint
Microsoft OneNote
Microsoft Outlook
Microsoft Publisher
Microsoft Access
Office on Demand (temporarily use it on other machines)
20GB storage on SkyDrive
60 minutes of Skype calls

Microsoft Office 365 Small Business Premium $149.99 /user/year

Runs on 5 PCs or Macs
Designed for Small business users
Costing USD 100 per year
Includes:
Microsoft Word
Microsoft Excel
Microsoft PowerPoint
Microsoft OneNote
Microsoft Outlook
Microsoft Lync
Microsoft InfoPath
Microsoft Publisher
Microsoft Access
Office on Demand (temporarily use it on other machines)
Shared calendars
25GB mailbox on Outlook
10GB joint cloud storage in addition 500MB per user
High definition video conferencing
Business collaboration and website tools

Here are the traditional packages:

Microsoft Office 365 Home & Student $139.99

Microsoft Word
Microsoft Excel
Microsoft PowerPoint
Microsoft OneNote

Microsoft Office 365 Home & Business $219.99

Microsoft Word
Microsoft Excel
Microsoft PowerPoint
Microsoft OneNote
Microsoft Outlook

Microsoft Office 365 Professional $399.99

Microsoft Word
Microsoft Excel
Microsoft PowerPoint
Microsoft OneNote
Microsoft Outlook
Microsoft Publisher
Microsoft Access