The first apps featuring Apple’s new subscription model are available on the App Store.

[ad#Google Adsense 300×250 in story]This afternoon, Apple released Popular Science, Nylon, and Elle, all of which offer subscriptions for its customers.

Nylon also features the ability for users to purchase back issues of the magazine dating back to September 2010. Elle notes it has auto-renewable subscriptions and Popular Science says a one-year subscription will cost $14.99.

Elle and Nylon are both free apps, but Popular Science is listed at $2.99.

Apple unveiled the magazine subscription model earlier today giving publishers a 70 percent share in revenue from the App Store.

“We believe that this innovative subscription service will provide publishers with a brand new opportunity to expand digital access to their content onto the iPad, iPod touch and iPhone, delighting both new and existing subscribers,” said Apple CEO Steve Jobs.