Apple Music exec Jimmy Iovine, who works alongside Dr. Dre, Eddy Cue, Robert Kondrk, Trent Reznor and other prominent executives is planning to leave Apple in August, reports Billboard.
The rumor about Iovine's alleged departure from Apple first surfaced on music rumor site Hits Daily Double, but Billboard says its sources have confirmed the news. According to Billboard, Iovine's exit will be timed with the vesting of stock he acquired when first joining Apple.
Iovine joined the Apple Music team back in 2014, when Apple acquired Beats Electronics and the Beats Music streaming service, both of which were co-founded by Iovine and Dr. Dre. Iovine has had a long history with the company, though, first pitching a subscription music service to Steve Jobs in 2003.
Iovine does not have an official title at Apple, but he has been heavily involved in with Apple Music since its 2015 launch and has negotiated many of the streaming deals for the service.
Under Iovine's leadership, Apple music has seen strong growth since its debut, with the service now boasting more than 30 million subscribers.
Should Iovine leave Apple, it's not clear if he would be replaced, nor what his plans are after departing the company.
Bloomberg has confirmed that Jimmy Iovine is planning to leave Apple after he receives the final payout from the Beats Electronics acquisition.
Iovine is unlikely to stay on with the company even if he receives a new offer as his vision has "sometimes clashed" with the views of other executives at the company, including Eddy Cue.
Article Link: Jimmy Iovine Allegedly Planning to Leave Apple in August [Updated]
OMG, hardware has become so lame, i'll give you some examples. Macbook - underpowered with one port, one port! Macbook pro - over priced and USC-c only? how many dongles have you gotten for your over priced laptop.. and how many times have you forgotten those dongles when you need them. Mac Pro - need I say more? Mac Mini - cough cough
Now let's talk about Apple Watch. It's not bad, but not steller, personally I was shocked that the 10k model was discontinued....
And Iphones/Ipads - are good, I find iOS so limiting, and Siri is the best joke ever! Qi charging that is 5 years behind the rest of the industry is sad.
Air Pods - those were well done. I give it to those engineers, I was very impressed with them. However, I have Bose as I like to have several devices connected at the same time. Something they can't do and a must need feature for me.
Time Capsules - It's become it's own time capsule with ancient hardware.
Home Pod - They couldn't match google home's integration to the web, so they released a half ass eco and made some marking BS about acoustics.
Apple TV - Why wouldn't you get a roku and have 10 times more. Apple TV remote is junk. Looks nice, but just junk.
While Apple's mobile devices are blazing fast (ignoring the whole battery thing), I just can't remember when I have been so disappointed with Apple's hardware. To each their own, but if Tim Cook retired and craig federighi took over, I would be happy.
Timing is not at all surprising. He had a lock in period and his stock vests so he can sell and move on. Obviously a financial decision.
He's not getting fired, once he gets his last payout he's walking away, and doing so a very rich man. This is his decision, not Apple's.
