360° Coverage : Apple Has Reduced The Offering For Beats

1 Updates
Apple Has Reduced The Offering For Beats
Photo Credit: Getty Images

Apple Has Reduced The Offering For Beats

May 28 2014, 11:59pm CDT | by

The price has been cut down to $3 billion after further negotiations

According to the New York Post, the original price Apple was going to pay for Beats, $3.2 billion, has been reduced to $3 billion, cutting out two hundred million dollars. There is no information on...

Filed under: rumors

YouTube Videos

 
 
 

20 weeks ago

Apple Has Reduced The Offering For Beats

May 28 2014, 11:59pm CDT | by

The price has been cut down to $3 billion after further negotiations

According to the New York Post, the original price Apple was going to pay for Beats, $3.2 billion, has been reduced to $3 billion, cutting out two hundred million dollars.

There is no information on why this happened, although it hasn’t been a secret that negotiations were taking longer than either party would have liked. Part of those negotiations were held up due to the trouble they are having placing a value on the 111,000 subscribers that Beats Music has. That number, to some, was much lower than expected and it has placed a bit of concern in Apple’s mind.

They still want Beats, though, and the $450 price tag that the company’s headphones sport is in line with the high premium that Apple customers are always willing to pay. The popularity of these headphones is what earned them $1.3 billion in 2013 alone, in addition to investments from a number of companies, further complicating the process.

Even at a reduced price, it is still rumored that both Dr Dre and Jimmy Iovine are going to be taking jobs at Apple in some capacity. Steve Jobs had been courting Iovine in the early 2000s, although it isn’t known what they might do with him at this point in time.

Source: NY Post

 

Don't miss ...

 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

blog comments powered by Disqus

Latest stories

Apple Not Interested in Constructing a Mac with the Touchscreen
Apple Not Interested in Constructing a Mac with the Touchscreen
Apple's senior vice president of software Craig Federighi says that the company is not willing to develop a Touchscreen Mac
 
 
27-Inch iMac Teardown Shows Similar Components to the Previous Version
27-Inch iMac Teardown Shows Similar Components to the Previous Version
The 27-inch Retina iMac possess identical internal construction of the previous generation model
 
 
Apple Aiming For Bigger Sales With The iPad Mini
Apple Aiming For Bigger Sales With The iPad Mini
The company isn’t only trying to sell the cheaper iPad after all
 
 
HomeKit Likely To See Release In 2015
HomeKit Likely To See Release In 2015
So far Apple has been silent about their smart home platform
 
 
 

Latest from the Network

1,074 new dengue cases in Chinese province
Beijing, Oct 18 (IANS) China's Guangdong province has reported 1,047 new cases of dengue fever, health authorities said Saturday. Six people have already died in Guangdong -- five in Guangzhou and one in adjacent...
Read more on Business Balla
 
Blake Lively 'always' wanted to be mum
Blake Lively has ''always'' wanted to be a mother. The 27-year-old actress is expecting her first child with husband Ryan Reynolds and she admits she's been dreaming of this moment since she was a youngster. Speaking...
Read more on Celebrity Balla
 
Kris Jenner 'torn apart' by Bruce's new relationship
Kris Jenner feels ''torn apart and angry'' that Bruce Jenner is dating her former assistant. The 58-year-old matriarch split from the 64-year-old Olympic gold medalist last October following 22-years of marriage but is...
Read more on Celebrity Balla
 
Cheryl Fernandez-Versini won't move to France
Cheryl Fernandez-Versini doesn't want to move to her husband's home country of France. The 'X Factor' judge, 31, who comes from Newcastle, is adamant she won't be relocating any time soon to suit her new spouse Jean-...
Read more on Celebrity Balla
 
Lance Bass sets wedding date
Lance Bass has set a date for his wedding. The former *NSYNC singer and his partner Michael Turchin, who have been dating for two-and-a-half years, are to tie the knot on December 20, 2014, a representative for the...
Read more on Celebrity Balla
 
Nepal avalanche toll reaches 39
Kathmandu, Oct 18 (IANS) At least 39 climbers died while hiking on a key Nepali route after it was hit by a major snowstorm and avalanches earlier this week, BBC reported Saturday citing officials. Over 350 stranded...
Read more on Politics Balla
 
Jake Gyllenhaal says society is complicit in 'nightcrawling'
Jake Gyllenhaal says almost everybody in society ought to relate to his new movie 'Nightcrawlers'. The eagerly-awaited film concerns those people who monitor police scanners and then race to crime scenes to film eye-...
Read more on Movie Balla
 
India eves look for first win in AFC U-16 qualifiers
Dhaka, Oct 18 (IANS) India will hope to register their first win of the 2015 Asian Football Confederation (AFC) Under-16 Women's Championship qualifiers when they take on hosts Bangladesh in a crucial encounter at the...
Read more on Sport Balla
 
Moyes mulling return to management
London, Oct 18 (IANS) Former Manchester United manager David Moyes said that he is ready to revive his managerial career six months after being sacked by the 'Red Devils'. "I am ready to return. I have enjoyed the...
Read more on Sport Balla
 
Ebola fears loom over Ghana hosting AFCON
Accra (Ghana), Oct 18 (IANS) The Ghana Medical Association (GMA) cautioned the government Saturday against hosting the 2015 African Cup of Nations (AFCON), despite a request by the Confederation of African Football (...
Read more on Sport Balla