Apple Music is cheaper than ever and that's bad news for Spotify

Apple Music is quietly undercutting Spotify.

The streaming service now offers subscribers the option to pay an annual fee of $99 rather than the $9.99 per month they'd otherwise owe, TechCrunch first reported. That's the equivalent of an $8.25 monthly fee, or $21 in yearly savings.

SEE ALSO: Apple's newest ad makes a haunting plea to take climate change seriously

The move could help Apple lock in a more loyal set of subscribers as it battles Spotify for dominance over the space. Spotify,...

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