Does scheduling a price change of a subscription affect existing subscribers?

This is a followup question to this document:

https://developer.apple.com/help/app-store-connect/manage-in-app-purchases/schedule-price-changes

If we schedule a price change for a subscription product, will it affect existing subscribers in their next billing period? How will they be notified that this change happened?

Accepted Reply

You can choose to preserve prices for existing subscribers or apply price increase to them. If you choose to apply price increase to current subscribers, users might need to consent to price increase, or will be notified about it. Please refer to Manage pricing for auto-renewable subscriptions.

Replies

You can choose to preserve prices for existing subscribers or apply price increase to them. If you choose to apply price increase to current subscribers, users might need to consent to price increase, or will be notified about it. Please refer to Manage pricing for auto-renewable subscriptions.