Once you start your free year of Apple TV+, you’ll be signed up for a monthly subscription starting after 12 months. You can switch that to a yearly sub in Settings → iCloud → Subscriptions if you want for $50/yr (instead of 12×$5=$60).
Once you start your free year of Apple TV+, you’ll be signed up for a monthly subscription starting after 12 months. You can switch that to a yearly sub in Settings → iCloud → Subscriptions if you want for $50/yr (instead of 12×$5=$60).