Apple in $3 billion deal to buy Beats Electronics
ChainStoreAge.com - May 29th 2014, 10:43
California- In its largest deal ever, Apple said on late Wednesday that it is buying Beats Electronics LLC for $3 billion. Beats is a key player in the premium headphone market and is also in the streamlining music business.
Apple will pay $2.6 billion in cash and another $400 million in equity for Beats, whose founders rapper and producer, Andre Young (aka Dr. Dre) and music-industry mogul, Jimmy Iovine, will join the tech giant.
With sales of digital media downloads on the decrease, Beats gives Apple entry into the booming area of Internet-based streaming, which is currently dominated by Pandora, Google Inc.’s YouTube, and Spotify Ltd.From ChainStoreAge.com
Global smartphone sales see worst drop ever in 2018, survey shows
04/02/2019 - 10:58
Global smartphone sales saw their worst contraction in 2018, and the outlook for 2019 is not much better, new surveys show.
Spree App selected as Apple ‘App of the Day’ - A first for SA ecommerce
26/04/2018 - 09:55
In a first for fashion ecommerce in South Africa, a team of editors at Apple has selected the Spree App as App of the Day.
Amazon overtakes Google and Apple to become world's most valuable brand
09/02/2018 - 10:44
Amazon has leapfrogged Google and Apple to become the world’s most valuable brand after seeing its value increase by 42 percent last year.
Apple’s profit soars as its new iPhone hits Asian stores
03/11/2017 - 09:15
Apple profits soared by almost 20% as its flagship iPhone X hit stores in Asia on Friday, with the company predicting bumper sales despite its eye-watering price tag.
Drought takes its toll on apple and pear exports
10/07/2017 - 10:22
The drought has slashed apple exports by 9%‚ says fruit industry body Hortgro. Pear exports are down 6% on 2016.