No, it will be iEars.
If they decided to compete with google glass, they could have the i-eye
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Beats CEO Jimmy Iovine in Talks to Join Apple as 'Special Adviser'
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If they decided to compete with google glass, they could have the i-eye
Obviously you are not reading these Beats stories as Apple is not buying Beats for the hardware
Well, Apple has at least 1 stupid person, Eddie Cue. His relentless failings extends to iTunes with its antiquated business model. This forces Apple to make a bad, expensive deal to try and get back in the game.
Thanks, Eddie.
Hate to say it but they know how to trick people into buying overpriced stuff. I'm not saying their headphones are "bad" just worth about half as much as they sell for. I guess tactics like that would be valuable to any company.
Apple has been trying to get into the on demand streaming service game for years. The labels are terrified of iTunes so they won't give them reasonable terms. If I recall correctly, Apple is already paying labels SIGNIFICANTLY more than Pandora for iTunes Radio.
"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 percent stake held by Taiwan smartphone maker HTC Corp."
Looks like he bought it back..
My guess is what a couple others have said. Apple is spending $3B for music streaming contracts.
In addition to headphone's that can be made different and marketed differently.
Started with axing Forstall. That guy was one in a million. Then continued with giving Ive autocratic power which led to aesthetically god-awful iOS Hello Kitty and the 5c.
My guess as well. Jimmy is well connected. If this does go through I'm sure it will give Apple more leverage in negotiations. They'll make it back in a quarter or two.
Wait, so Facebook is going to be the "it" tech company and Apple will become irrelevant? But you left out Amazon. Their PE is 448. Does that mean Amazon will be bigger and more innovative than all those companies combined?
Apple's most prudent acquisition was NEXT. 429 million, 1.5 million shares at $5.88 per share.
There is a market shift happening in headphones from small in-ear to large on-ear or over-ear models. It is very likely that Apple wants to get in on this and purchase the most popular headset on the market among kids and young adults.
Couldn't agree with you more! Forstall was Jobs' successor and Cook took first chance to can him. Forstall should be running Apple, not Cook. Cook has no vision. He's just a business guy like Ballmer.
Maybe after this fiasco and mockery, Apple's board will come to its senses and fire that old fool. For two years Cook has sat on Apple's TV project that Jobs said he "cracked" and have been polishing those small screen phones while Android has been growing like weed.
Apple has truly lost its way and Tim Cook is to blame.
An odd purchase. Music deals/contracts can be canceled or not renewed, as they most likely will be now that Apple is buying Beats.
Wait, so Facebook is going to be the "it" tech company and Apple will become irrelevant? But you left out Amazon. Their PE is 448. Does that mean Amazon will be bigger and more innovative than all those companies combined?
Amazon's a monopoly. They sell things at really small margins so they can maintain their monopoly and kill off competition. Nobody will ever take down Amazon. Apple, on the other hand, is a hits company. All Apple has to do is make few lemons, few product slip-ups, and their stock will drop 20-30%.
That's why Amazon's P/E is so high.
Something tells me the shareholders will disagree with you. Besides, Jobs specifically told Cook to never question "what would Jobs do?" Let the man stand on his own two feet for at least five years and then if Apple has nothing to show for themselves then go buy some stock and vote him down. Until then, let the man do his job.
An odd purchase. Music deals/contracts can be canceled or not renewed, as they most likely will be now that Apple is buying Beats.
Did you see the board(s) Jimmy Iovine is on? Some how I think paying him a pretty large salary will ensure these contracts are not canceled.
Tim Cook is going to make Apple even more profitable, start moving it toward a longer term strategy, and will generally be good for the company in just about every way that isn't publicity? I can't see how that's something people wouldn't want.
Because he isn't.
Nobody is Steve Jobs anymore, he was different. There will never be anybody just like him . It's time we moved on from this hero worship, maybe tried reality.
ITT: people who have no clue who Jimmy Iovine is, but are commenting negatively anyway.
Had Steve listened to Iovine in the first place, Tim wouldn't need to be buying Beats to compete with Spotify. Iovine is a genius who predicted over a decade ago that the streaming model would win out. Seems like a smart guy given the landscape of music today.
Oh, and he's produced so many artists and hits over the past 40 years that it is easier to list the people he hasn't worked with at this point.
That mindless hivemind hate for a brand that you are all being blinded by is exactly how people outside of these forums perceive Apple. Welcome to your own nightmare.
Had Steve listened to Iovine in the first place, Tim wouldn't need to be buying Beats to compete with Spotify. Iovine is a genius who predicted over a decade ago that the streaming model would win out. Seems like a smart guy given the landscape of music today.
Oh, and he's produced so many artists and hits over the past 40 years that it is easier to list the people he hasn't worked with at this point.
That mindless hivemind hate for a brand that you are all being blinded by is exactly how people outside of these forums perceive Apple. Welcome to your own nightmare.