To be precise, exactly 3000 metric tons
Quote: "According to the U.S. Treasury, "In $100 bills, the weight of $1
million is about 22 pounds." [that's 10 kg.]"
Three billion dollars in $100 bills would be about 30,000 kg or 30 metric tons.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Beats CEO Jimmy Iovine in Talks to Join Apple as 'Special Adviser'
- Thread starter MacRumors
- Start date
- Sort by reaction score
Quote: "According to the U.S. Treasury, "In $100 bills, the weight of $1
million is about 22 pounds." [that's 10 kg.]"
Three billion dollars in $100 bills would be about 30,000 kg or 30 metric tons.
Apple is a potent brand that's at least built on something.
Beats headphones are just bling-brand that sound no different to any bass-in-yo-face cans a third the price. In fact they sound quite bad.
I knew if ever Apple ever used their brand without substance that would be the end of them.
Beats headphones are just bling-brand that sound no different to any bass-in-yo-face cans a third the price. In fact they sound quite bad.
I knew if ever Apple ever used their brand without substance that would be the end of them.
Headsets;
Lots of commenters saying the price is high and the performance is not commensurate. But headsets is only a small key to opening a much bigger lock.
Established brand + high price-point + improve product and quality + Apple's purchasing power for reduced component prices and lower assy and distribution costs + add customers who wouldn't have ever considered buying a Dre branded product (because the Dre name will go but the Dre customers will stay) = significant win
iTunes:
Opportunity to remove a competitor + ability to better challenge remaining competitors (looking at you Pandora) + gain access to high bit rate media library + add channel (new premium home for mastered for iTunes?) + add artists to iTunes portfolio + bring Beats customers into ITunes + by being part of Apple gain new customers who went somewhere other than iTunes or Beats + add premium aspirational channel for current iTunes customers to move up to + build on Beats hardware, media and distribution by selling existing customers other Apple hardware and services = so much win!
Branding?
Acquire "Beats" trademark, maybe avoid litigation over iBeats brand if used for health app. (Will Swatch Group be next to avoid iSwatch conflict? Nah!)
Personnel: Add whatever technical specialists + tie-up Iovine as industry insider consultant = glorious win.
Lots of commenters saying the price is high and the performance is not commensurate. But headsets is only a small key to opening a much bigger lock.
Established brand + high price-point + improve product and quality + Apple's purchasing power for reduced component prices and lower assy and distribution costs + add customers who wouldn't have ever considered buying a Dre branded product (because the Dre name will go but the Dre customers will stay) = significant win
iTunes:
Opportunity to remove a competitor + ability to better challenge remaining competitors (looking at you Pandora) + gain access to high bit rate media library + add channel (new premium home for mastered for iTunes?) + add artists to iTunes portfolio + bring Beats customers into ITunes + by being part of Apple gain new customers who went somewhere other than iTunes or Beats + add premium aspirational channel for current iTunes customers to move up to + build on Beats hardware, media and distribution by selling existing customers other Apple hardware and services = so much win!
Branding?
Acquire "Beats" trademark, maybe avoid litigation over iBeats brand if used for health app. (Will Swatch Group be next to avoid iSwatch conflict? Nah!)
Personnel: Add whatever technical specialists + tie-up Iovine as industry insider consultant = glorious win.
Has to be a hire to get a footing on streaming music. Jimmy is a connected guy in the music industry.
If apple could morph iTunes Match into iTunes streaming for a monthly subscription they would crush the competition - their catalogue is immense. However, the negotiating would be ridiculously tough with the labels. Pity Mr. Jobs isn't about to get it over the line. Maybe why they need somebody like Jimmy. The only thing is that he's his own steaming interests with beats.
Cannot see apple wanting beats for their headphones.
If apple could morph iTunes Match into iTunes streaming for a monthly subscription they would crush the competition - their catalogue is immense. However, the negotiating would be ridiculously tough with the labels. Pity Mr. Jobs isn't about to get it over the line. Maybe why they need somebody like Jimmy. The only thing is that he's his own steaming interests with beats.
Cannot see apple wanting beats for their headphones.
Then i'm selling my stock, this is to stupid. About 10 times the price they payed for Next.
NeXT was a niche player in the computer world with no real traction. They had good software, and a great CEO, but the overall market value of the company wasn't that much.
Plus, mid '90s. Pre-dot-com bubble and all.
And Apple paid for and owns all the trademarks. On the other hand, "iTunes Records" would be a much more likely candidate for a name.
----------
It depends. To the extent that this improves Android devices, that's actually a negative for Apple. To the extent that it improves sales and/or market power of the product, it's a positive. For example, if you have a choice on an Android phone to buy music from Amazon or Google, Apple would surely prefer it if you bought the music from iTunes instead.
----------
It's more related to the fact that Apple (which is AAPL, not APPL. APPL is a defunct petroleum company) and Microsoft make tons of money, while Facebook doesn't and Google makes a lot less. The more profit, the lower the P/E ratio.
----------
What Apple headphones? I have never seen any Apple headphones. Of course there is a huge list of companies making better headphones than Beats. The list is almost identical to the list of companies making headphones
Actually Apple Corporation which is the holding company for Apple records sued Apple three times and won three times. They got many Millions of Dollars and Apple agreed to stay out of the record business. The millions in settlements allowed them to get into the music business but it specifically does not allow them into the record business. The legal cases were in 1981, 1991 and 2003. Apple Corp was founded in 1968.
But then again, people said the same thing about the Dixons guy when Apple first hired him.
You nailed it sir.
----------
Yes, something about him. Gee what would that be... Hmmm... What would get anyone banned here to mention.... Hmmm
Obviously there is a reason they're doing it. We have no idea what the discussions are like behind closed doors. Of course they could make high end headphones. They could do a lot of things, but either they don't think of it or they don't want to.
But I agree... I don't think they should buy Beats either.
We'll see the outcome soon enough.
It's about challenging Spotify, not Pandora. Apple needs on-demand streaming deals with record companies and needs them asap, because that's the future of music. Radio was DOA.
Agree w/ the iTunes and Iovine assessment but the headphones portion doesn't really add up to me.
1. Apple is already everything you described -- established brand; achieves high price point on anything with its logo on it; probably has THE best purchasing power of any CE firm on the planet.
2. Dre brand has its loyal followers as much as Apple. As you said it's an established brand. But will they follow to Apple when Dre is sent into headphone retirement? Or will those users think he "sold out"? Personally I don't think Apple will continue the headphone line. I think they might push out new Apple branded earbuds "powered by Beats." But the big hulking Beats branded headphones will be phased out. It's not why Apple wants (needs) Beats and just creates more overhead to manage.
But as you say, if this deal goes through it's about Iovine and music every bit as much as Google's purchase of Nest was not about a thermostat, but Fadell & home automation.
C'mon now...that's his "thing". Steve had the black mock turtleneck, the Donald's got the hair, Jimmy's got the hat & letter jacket thing goin' on.
Under it all, they're just people. They are/were fortunate enough to land in the spotlight. Don't hate on that just because you think Jimmy should look/dress/act/be different(ly). In fact, why don't you put down the mouse...step away from the keyboard...and go Be The Change that you want to see in others? And when you arrive: pictures or it never happened!
It's a done deal according to content Tyrese Gibson has since deleted.
----------
A nice bump up Forbes' filthy rich list indeed.
----------
A nice bump up Forbes' filthy rich list indeed.
Thanks for the info....
Ugh.... what's next, Apple? Gonna hire Dr. Dre too? Ughhhh
Wow.....not bad for some rap guy!! Hmmm
Not just crappy headphones. The real money shaker: https://itunes.apple.com/us/app/beats-music/id781817640?mt=8
A good streaming service can be had for a lot less. MOG (which became Beats Music) was purchased for $14 million less than 2 years ago. I'm sure rdio could be picked up for a small fraction of this price. Like it or not, Apple is paying a premium for the lifestyle/branding/reputation of Beats.