Apple Bought Music Company BEATS for 3 Billion USD
Apple is a well known Tech Hardware Company which produces different products including Smartphones, Mac, iPhone and other Devices. Apple is well known for its quality products and services, while the high standard of Apple induces people to purchase Apple’s Product. Recently Apple has bought Music Company BEATS for $3 Billion.
The purchase is said to be largest higher by Apple to date, and people are thinking about the purchase, that what the basic aim of Apple to bought BEATS was.
The Senior Vice President of Apple Eddy Cue said that, Apple Loves BEATS for three reasons, first one if Talent, Second is Headphone and last but not least is Music Subscription Service.
The two officials of Apple and BEATS (Eddy Cue and Jimmy Iovine) confirmed the news in an interview with Recode’s Walt Mossberg and Kara Swisher at the Code Conference.
Previously, BEATS was also business partner with Phone Manufacturer HTC, but either side wasn’t comfortable with that deal, when Jimmy was questioned that why he didn’t contact with Apple?
He replied that he did, but the delay was on the side of Apple, Apple made the deal in way like they makes Phone (in slow motion).