As a number of us Microsoft watchers have been speculating in recent months, at least the entry-level versions of iOS and Android versions of Office are not "full" Office, if the Verge's new information is correct. Instead, there will be free Web-based clients -- very similar to the current Office Web Apps that Microsoft already offers across a variety of platforms and browsers. To obtain full functionality, according to the Verge, users will have to subscribe to Office 365.
This push toward subscriptions fits in with where Microsoft's strategy for Office. The centerpiece of the New Office -- a k a Office 15/Office 2013 -- is the move to subscription pricing and packages. There will be subscription versions of Office for home and small business users that offer a year of Office "usage" on up to five Macs and PCs in total. Currently, iOS-based and Android-based devices are not part of the set of devices that are covered by the new Office 365 subscription licenses.
It's unclear from today's Verge report if Microsoft will be enabling full, locally installable versions of Office for iOS and Android as part of the alleged subscription program. That is the way it works on the Windows side of the house via the new "household license." A subscription to Office 365 Home Premium, for example, simply means users can download Office for use on up to five PCs/Macs.