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Helpful answers
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Apr 27, 2016 6:15 PM in response to JoeBasefromMathisby Phil0124,1. iCloud storage will not increase your iPhone's physical storage. So you'll still have to make more space on your device regardless of how much iCloud storage you have.
2. Price will depend on the upgrade you choose, and your location. Prices can be found here:
iCloud storage pricing - Apple Support
It is a monthly subscription.