Steve and Jimmy: The Roots of Apple's Bid for Beats
Apple wants Beats Music, but likely to keep Beats hardware alive after deal - report
Apple's interest is said to have been piqued by the rate at which Beats Music was converting free users to paid subscribers, and the multi-billion dollar price tag was made more palatable by the already close relationship between Apple executives and Beats CEO Jimmy Iovine, according to Bloomberg.
Lisa asked me what I meant by "count your fingers" when making a deal with Jimmy Iovine from my last post.
I first heard the phrase in New York about making deals with certain people in the music industry.
I thought it was Italian or maybe Yiddish, but it is originally a Greek expression.
Count your fingers after shaking hands with certain individuals
ie: Beware, the person you are making a deal with has the reputation of getting the best of the deal.
There is no better example of that than this cautionary true story of Beats and Monster Cable's association.
Of course Apple isn't Monster, but still... count your fingers
Notice that Dre leaked the Apple deal in a very public way on the internet, which is very unlike the way Apple announces major decisions or products.
Steve Jobs would have been mortified that the deal was leaked without him presenting it in a grand way on stage in a very controlled public fashion.
Maybe it's why Katie Cotten, head of publicity, decided to quit?
Maybe things are changing too much, too fast for her taste at Apple without Jobs.
Beat by Dre: The exclusive inside story of how Monster lost the world
Beats acquisition would give Iovine and Dr. Dre senior positions at Apple, report says
Must see TV from well over a decade ago
Watch Steve Jobs Chatting With Dr. Dre About iTunes
Gene Munster calls Apple's $3.2 Billion purchase of Beats an Acquihire
The magic numbers: How Apple Beats the demise of music downloads
...In late April, Beats launched in-app purchase and the results were stunning. Their iOS app became the number one overall free app.
,,,Oh, and that $3.2 billion price tag? With Beats Electronics' hardware business already creating significant profits, Apple's purchase price could be covered within a couple years. So in essence the company is getting into streaming music for a song.
interesting that Apple's in-ear headphones ranked so high
The Beats deal gives Apple a total of 71.4% head set share
US teens love Beats headphones
The future of headphones - streaming music built right in
Here's the other news from Friday
Aerial photos of Apple Campus 2 (update #3)
Could Oracle's win of key reversal in Java copyright case against Google's Android benefit Apple as well
This isn't the only technology Android has stolen.
Rubin stole the iOS source code while at Apple using the code at every company he went to thereafter (see above).
Oracle wins key reversal in Java copyright case against Google's Android
Apple Upgrading EasyPay, Changing Hardware
Future Portland Store Seems Nearly Finished
crash-and-grab in Berkely, CA
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