Skip to main content

Apple likely to buy headphone maker Beats Electronics for $3.2 billion

Apple is close to buying headphone maker Beats Electronics for $3.2 billion, the Financial Times reported.

The purchase of Beats, which also runs a streaming music service, would be Apple's largest ever acquisition, the newspaper reported. It said the deal could be announced as early as next week.
Founded by rapper Dr. Dre and music producer Jimmy Iovine, Beats Electronics primarily produces products under the brand "Beats by Dr. Dre" and competes with headphones made by Skullcandy, Sennheiser Electronic and Bose.
"This is really puzzling," said Forrester analyst James McQuivey. "You buy companies today to get technologies that no one else ... or customers that no one has."
"They must have something hidden ... under the hood."
Apple-watchers have speculated that the company that upended the music industry - and today is the single largest seller of tunes - was contemplating a Spotify-like on-demand music service to go with its recently launched iRadio service and iTunes store.
Apple's Chief Executive Tim Cooks met with Iovine, the Beats CEO, last year on a potential partnership involving Beats' planned music-streaming service, Reuters reported in March, citing sources.
Dre - who guided the careers of a string of rap artists such as Eminem and 50 Cent - compared his company with Apple in 2011.
"We're trying to eventually be second to Apple. And I don't think that's a bad position," Dre told The Fader music website.
Apple and Beats Electronics were not immediately available for comment on the report, which was also carried in the New York Times and Wall Street Journal.
Beats Electronics received a $500 million investment from Carlyle Group in September that valued the company at over $1 billion.
Beats also bought back in September a 24.84 per cent stake held by Taiwan smartphone maker HTC.

Comments

Popular posts from this blog

Mobile Phone Repair Experts

  https://www.bigfix.in/mobile-phone-repair-service-center-near-me/ Call: 7305575757 We offer best mobile phone repairing services for all branded smartphones & tablets, across India through our network of certified mobile phone repair service centers in Chennai, Hyderabad, Delhi, Mumbai, Pune, Bangalore and 250 more locations. Over the years we have handled more than 1,50,000 transactions with high level of customer satisfaction. We handle all major mobile phone and tablet brands including Samsung , Apple , BlackBerry , Micromax , Nokia , Sony , LG , Motorola , Spice Mobiles, Karbonn , HTC , Xolo , Lava Mobiles , Lenovo , Xiaomi , Huawei , Sony Ericsson, Asus , Dell, Lemon Mobiles, Wynncom, Videocon Mobiles, Fly Mobile, Acer, iBall, Intex, Zen Mobile, Maxx, GFive, Rage, Onida, Arise, Accord Mobile, Binatone, Philips, HCL, DataWind, Alcatel, Byond, Gionee , iberry, Mercury, Microsoft , Milagrow, Mitashi, Swipe, UMI, Zopo, ZTE, Zync, Celkon, Oppo , Panasonic , Hitech, Ad

Pan India Installation and Repair Service Support

We at   Bigfix   have grown a   Pan India network  of service centers and equipped them with our SaaS Application. This helps our partners to automate, professionalise and manage lifecycle of installation & repair orders. Our partner network includes: 1. 800+ Authorized Service Centers representing all major brands to handle warranty repairs in every major State/District/City in India. 2. 1500+ Independent Service Centers to handle out of warranty repairs of consumers devices, electronic gadgets and computing devices. 3. 3000+ Individual skilled, certified and verified technicians to perform doorstep installation and audit services. Alliance Partnerships We provide end-to-end support capabilities extending from customer relationship management to problem resolution and reporting. Our clients include OEMs, E-commerce, Large Retailers and Assurance Companies.  We have developed a advanced CRM for customers to load, manage, track and pay for orders. Our network has a coverage of 18000

COVID Response & Readyness

Covid 19 has forced people to stay indoor and perform thier regular duties. People are online at home 24x7 performing the following activities. ✓ Work from Home ✓ Webinars & Events ✓ Elearning ✓ OTT Entertainment ✓ Social Media Content ✓ Gaming ✓ Bill Pay ✓ Govt Complainces We have aggregated technicians in your neighborhood and can connect you to them for your support.  Our technicians can handle installation, maintenance and repairs of the following electronic devices: ✓ Mobilephone ✓ Tablet ✓ Laptop PC ✓ Desktop Computer ✓ Printer ✓ Network Equipments ✓ Cabling & Wifi Setup ✓ CCTV ✓ Smart TV ✓ IoT Devices You can add all devices to our our web & mobile apps and trigger a support ticket whenever required. No Booking fee. Pay only for service availed. Our technicians will arrive at your doorstep in minimum turnaround time. They have been advised to maintain hygiene and handle customer needs with maximum precautions.  https://app.bigfix.in Ph: 7305575757