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Gimme The Beat: Apple Buys Beats Electronics For $3Billion


Jasmin Rivers

It seems that everyone is interested in the hottest set of headphones on the market. Recently, Apple has acquired the notorious ‘Beats’ by Dr. Dre, the collection that started out as a pair of expensive disc jockey headphones, but soon expanded to earbuds, speakers, and laptops, among other accessories. The deal, according to New York Post, is reportedly $3 billion, equating to $2.6 billion in cash and $400 million invested in stock.


There is a possibility that the acquisition of Beats is to compete competitively with Samsung, who has their own line of speakers and audio systems that Apple doesn’t yet have. More people want to have the ability to buy headphones or even speakers from Apple and it may seem that the wait is over. It could even be an overall update in store for the Apple interface, which is due to launch a new iPhone soon.
Although those are just speculations, one fact comes from a press release, “Music is such an important part of all of our lives… we keep investing in music and are bringing together these extraordinary teams,” said Apple CEO, Tim Cook.  The addition of Beats and Beats Music is to simply help make the iTunes Radio and free steaming a better and more appealing experience, according to iTunes’ Eddy Cue.
For those of you who don’t know, Beats Music is a subscription-based online music streaming service. It gives a personalized stream based off of expert music suggestions. The service offers a library of 20 million songs and is available as an app on phones and now comes with a subscription through AT&T for $14.99 a month.

Apple’s acquisition may have been to pump up the volume and increase iTunes’ sales, but it’s clear that many perks come with the addition of Dr. Dre and partner Jimmy lovine’s company. As of now, Beats is offering a free trial of service for paid iTunes users. If you want a phone to have the latest music and the sleekest style, head to your local Apple store or visit apple.com for more information on how to get your hands on an extraordinary experience!
(Photo: Beats By Dre)

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