And Apple Today keeps the Dr at Bay
As acquisition season continues, $3 billion will be transferred over to the headphone makers Beats Electronics. Just what the Dr ordered…
The business started out in 2008 and was valued at $1 billion in September of last year. Not a bad growth phase, perhaps the recent meteoric spurt in the last 8 months ($2 billion) was fuelled by rumours of acquisition… The Market has very sensitive hearing…
Tim Cook of Apple will be targeting growth in the music streaming sector, and turbo charging their headphones with the help of their new partner. With around $133 billion in the Apple Tree, and an appetite to fight back at Android and Google, this could be the start of a measured spending spree.