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Evernote to tweak price for premium service in early 2015

The company charges $5 per month, but according to its chief executive, it was the "wrong" price all along.

Evernote CEO Phil Libin at the Web Summit on Monday. Stephen Shankland/CNET

Evernote, the service that allows people to save notes and share them across a wide range of devices, will change its premium pricing in the new year, according to its chief executive.

Speaking at the Web Summit conference in Dublin on Monday, Evernote CEO Phil Libin said his company plans to modify its premium service pricing. He didn't say whether the price will go up or down, but did say that either scenario could play out, depending on the country.

The Guardian earlier reported on his comments.

While Evernote is available for free, the $5-per-month deal allows for more file storage, the ability to work offline, and access to the company's support team. All of the note-taking and synching features that made Evernote popular are available in both versions.

According to Libin, Evernote's decision to affix a price of $5 per month to its premium service in 2007 was "random." The company determined a couple of years ago that the price was "wrong" and has been working on a new model ever since.

Libin said that his company's new pricing model will kick in "early" next year.

Evernote did not immediately respond to a request for comment.