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Jimmy Iovine and Dr. Dre May Make First Official Appearance at Apple's WWDC
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This is also a run-on sentence. It also improperly uses "than" when it should be using "then." The use of the word "also" is either in the wrong part of the sentence, or simply used incorrectly.
Being illiterate would make it extremely difficult to correct your terrible grammar, would it not?
Good News: Apple isn't asking "What would Steve do?"
Bad News: Apple is asking "What would Steve never do?"
Bad News: Apple is asking "What would Steve never do?"
My complaint about the deal is because they are going to spend billions of dollars for a company that steams music and makes headphones. Two things apple already does decently well. There might be something more to it but who knows, we might all be pleasantly surprised.
I generally feel like a lot of purchases for tech have been too expensive lately. Kind of reminds me of the tech boom and bust of the late 90s.
I dunno it was just the first thing that popped into my head ahaaha. But surely it will be an interesting keynote.
I want to be careful about being Captain Obvious, but Apple has been managing growth better than . . . any company worldwide.
This aquisition eliminates a minor competitor in a market Apple does yet dominate and hands the market to them without delay.
As for Dr. Dre, he schmoozed Steve and Apple for a decade and now has a good portion of a cool Billion. Not a bad time investment.
Rocketman
This aquisition eliminates a minor competitor in a market Apple does yet dominate and hands the market to them without delay.
As for Dr. Dre, he schmoozed Steve and Apple for a decade and now has a good portion of a cool Billion. Not a bad time investment.
Rocketman
I think this is terrible. Not because of Dre
(really what is with all the borderline racist stuff?)
But because Iovine is pretty much the prince of darkness himself.
If there is a way for Iovine to get even richer by causing Apple to implode, he will make sure it transpires.
(really what is with all the borderline racist stuff?)
But because Iovine is pretty much the prince of darkness himself.
If there is a way for Iovine to get even richer by causing Apple to implode, he will make sure it transpires.
Yeah, I saw the keynote too. All it was is Dre standing there talking about how great Beats are for 3 hours. What the heck happened? Good thing we used that time machine to come back and warn everyone!
I never heard of either of these guys until today. But, hey, what do I know? I did buy my grandsons some "Beats" headphones, but they ended up not fitting their iPhones when they had a case on them (right angle mini-plug that wouldn't clear the case).
I sure hope Cook, et. al. know what they're doing. Given Apple, though, $3.2 bill isn't all that much!
I sure hope Cook, et. al. know what they're doing. Given Apple, though, $3.2 bill isn't all that much!
Just the beginning. What until the announcement becomes official fosizzle!
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The use of the word "grandson" gave you away. Be very interesting if Macrumors ran a age poll.
At least the keynote might be more entertaining
Much better than the speakers cracking wise on green felt and leather stitching
You have no clue what you're talking about in every post you made on this topic. You just sound like a closet racist that's mad that these rappers are doing better than you. Racists are seeing the world closing in on them and they don't know how to handle it.
People just hatin' their lowly careers didn't make them billionaires. Because they went to college....
There is tons of spin why that is a material difference (i.e., VC and early investors want to walk away with big multiples but there really isn't). The valuation is what it is worth to buy it. Same issues in play when there are 20 "owners" as 20,000 owners.
The notion "the investors have to get paid some mark up" ... that is not really less true for the Apple stockholders whose money is being gambled on this. If it is price discount because it is a risky investment.... that doesn't particularly change from swapping Caryle for Apple.
Only it was not a large cash infusion. It was largely a buyout (of HTC) and debt reduction (of money HTC loaned them) . Not alot of cash went in actual company.
http://dealbook.nytimes.com/2013/09...-and-buys-out-htc/?_php=true&_type=blogs&_r=0
http://online.wsj.com/news/articles/SB10001424052702304526204579100711774280296
Which exactly why followed after another $60M sell off to fund what was intened to be spin out the streaming service
"... Beats, founded by music producer Jimmy Iovine and rapper Dr. Dre, said in a statement yesterday it will start Daisy in late 2013 and spin the service out as an independent company. .. "
http://www.bloomberg.com/news/2013-...-funding-to-spin-out-daisy-music-service.html
It is a bigger bundle more than volatile.
Revenue doesn't pay back investments. Profits do.
Sanest member of the asylum isn't saying much.
$3B for someone who has a streaming service just like the one you just started? $3B for "hot or not" fashion trendy accessory?
P.S. Financial market, Investment Banking , lawyers , and press all love the just multiple revenues.
" A $3.2 billion bid equates to somewhere around three times the Beats sales figure quoted by Carlyle—a popular way of estimating what a company might be worth. Apple, by contrast, is trading at 2.8 times its annual revenue right now. "
http://www.businessweek.com/article...s-money-on-the-table-again-in-deal-with-apple
But that is a nice payday for the bankers, lawyers , and those who get to write up the hype. It isn't just this particular deal but a healthy fraction of multibillion acquisitions are busts. Whipping out this simplistic multiple isn't particularly accurate or useful for buyers. The folks brokering these deals will walk away from this deal with as much of Apple's money as they can get their hands on.
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Not saying you're wrong, but what is it you dislike about Iovine? I have heard little about him outside of his music resume. What has he done that would makeyou think he would intentionally run Apple into the ground? Not being snarky, just curious.
Hahaha. That's pretty funny.... Deriding Beats as overpriced junk when your preference is Bose.
For excellent value, quality consumer headphones look at companies such as Audio Technica and Sennheiser.
Eg. http://www.amazon.com/Audio-Technica-ATH-M50-Professional-Monitor-Headphones/dp/B000ULAP4U
They will destroy Bose or beats at a fraction of the cost.
They sure will. The M50's sound great. The difference is like night and day.
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Apple does not have a subscription streaming service and beats owns 70% of the high end headphone market.
You need more compelling reasons.
You should probably stay out of the business end of the pool.
By the way estimated revenue for 2014 are closer to 1.5 billion than one billion. On top of that we know Dre earned ~100 million dollars last year, the bulk of which was from his ownership percentage of Beats.
It is pretty easy to see that with a profitable, super high margin business they are seeing 15%-20% net profit. At those numbers it is an absolute steal. They not only get the core for their streaming business, they get 10% back each year on their investment.
Pretty sure wovel's mention of revenue was to put in perspective where their profit numbers likely exist.
Nobody values a business based on multiples of revenue. Nobody who buys businesses at least.
As I keep saying, apple creates as many headphone plug holes as any company in the world. Acquiring the dominant provider of devices that plug into those holes is not some sort of complex puzzle needing solving. Between the streaming, headphones and talent it all dovetails nicely with Apple.
I think it is a great deal for apple to have a music audiophile/perfectionist like Dr Dre with such a cultivated ear on their music team and someone like Jimmy Iovine with his deep music industry connections heading up their music service makes complete sense i guess, even if he does not fit in with the Apple tech culture (But that may be a good thing)
In fact, acquisition of those two makes more sense than the Beats acquisition to me, since they don't have many patents or proprietary tech that I know of. It will be very interesting to see what Apple does with a well known brand/subsidiary under them.
In fact, acquisition of those two makes more sense than the Beats acquisition to me, since they don't have many patents or proprietary tech that I know of. It will be very interesting to see what Apple does with a well known brand/subsidiary under them.
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And people here are criticizing him. ROFLMAO! I'd say the guy is a genius. My hat's off to both of them.