During Eddy Cue and Jimmy Iovine s interview at Re/code s Code Conference today, Apple s senior vice president of Internet Software and Services revealed that last week the 35 billionth song was sold on Apple s iTunes Store. Back in February last year, Apple reached the milestone of 25 billion song purchases. In addition to crossing the 35 billion mark, Cue also revealed that iTunes now has over 800 million customers and over 40 million iTunes Radio listeners in the US and Australia alone.
Apple today officially announced it has acquired Beats Music and Beats Electronics for $3 billion. The deal had been speculated for almost a month. Apple is acquiring the two companies for a total of $3 billion, consisting of a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time, Apple said in a statement.
Low inventory levels and reports from analysts and tech blogs seem to point to a new entry-level all-in-one Apple computer that could be revealed next week. As the date of Apple's annual Worldwide Developers Conference draws near, the rumor mill is shifting into overdrive.
The Financial Times claims that when Apple's World Wide Developers Conference gets underway on June 2, the big reveal won't be a smartwatch or a 12.9-inch tablet, but a new initiative that puts the iPhone at the heart of the connected home. There are already a number of smart' products, from lights to door locks and even security systems that can all be controlled remotely by launching a dedicated app.
Apple s plan to buy up Beats has left many analysts scratching their heads and wondering why Tim Cook and the crew at Cupertino are spending $3.2 billion to acquire an audio hardware and software company. Writing over at Techpinions, Jackdaw analyst Jan Dawson explains that many people are worried that the Beats deal might be a sign that Apple has started to listen too much to the outside noise from Wall Street investors demanding that it make flashy, aggressive moves to reignite its growth.
Stiff competition among technology giants for a share of the burgeoning online music streaming market has given traditional record companies a much-needed boost, a top Universal executive said Thursday. Industry behemoths such as Apple, Google, Amazon and Microsoft are increasingly seeking to provide for tech-savvy consumers willing to pay to stream their favorite tunes.
The Internet has been abuzz this morning with news of Apple s plans of buying Beats Electronics for $3.2 billion. While neither of the companies has issued an official statement, Dr. Dre himself has jumped the gun and all but confirmed the deal in a Facebook video uploaded by Hollywood actor Tyrese Gibson.
Beats Audio, which is known for its headphones, could soon be acquired by Apple, the Financial Times reports. The Cupertino-based company is said to be ready to pay $3.2 billion for acquiring the audio company once owned by HTC, making it its largest acquisition till date.
Beats might have bought out HTC s share in it, but it appears that the company s technology will still be available in HTC s next flagship smartphone. Luke Wood, the company s COO told Stuff in an interview that they had a commercial agreement, and its technology will still be available in HTC s upcoming smartphones.
On expected lines, Beats Electronics has bought back the remaining 25 percent stake HTC had in the company for $265 million, Dow Jones reports. Beats Electronics was said to be seeking new investors who could help it branch out into new product categories including speakers, car audio and also a soon to be launched music streaming service, which wasn't possible given HTC's current financial condition.
Beats Electronics, the makers of popular Beats by Dr Dre range of audio products is looking at buying out HTC's 25 percent stake in the company. HTC, which had acquired a controlling stake of 51 percent in the company when it was at its peak, sold off 25 percent back to Beats Electronics last year. Now, Beats Electronics is looking at buying back HTC's remaining stake in the company in order to be able to bring in new investors fuel its future growth, WSJ reports.
Online music streaming is going to get much bigger if recent stories are anything to go by. This morning we told you about YouTube reportedly working on releasing its own brand of music streaming service sometime this year and now according to a report on Reuters, Apple might be doing just the same.
After failed investments in Beats Audio and now OnLive, HTC risks turning into a pure handset assembler rather than an 'end-to-end solutions provider'. HTC lost $40 million in its investment on OnLive and had earlier taken a loss of about $5 million on its Beats Audio investment. These failures could translate into HTC's difficulties in differentiating its products from competition that would erode the value of its smartphones.
Last year when HTC bought a stake in Beats everyone imagined that HTC would integrate some audio chops into its Android smartphones and build an ecosystem of accessories for it. While, to some extent this has been true, things have not exactly panned out as HTC wanted and keeping in with the flow trends Beats has bought back 25 percent of its stake from HTC.
HTC's Beats Electronics is tipped to acquire MOG, a music subscription service, for an undisclosed amount, according to a Reuters report. The two companies have been in talks for weeks and the acquisition could happen within the next fortnight. HTC has been rumored to launch its own music subscription service in order to differentiate its products from other Android vendors.
Barely minutes after we think we cracked HTC's MWC teaser, the Taiwanese smartphone vendor posts another one on its Facebook page. We can now believe that HTC is indeed counting down to its press conference on Sunday. This time, the teaser image has the number 4 (as in four days to go?) and comes with
Beats Electronics, the company behind Beats by Dr Dre audio technology and products, is splitting with its headset manufacturing partner Monster Cable. The company decided not to renew its five-year old contract which expired recently, Businessweek reports. Beats will retain the core audio technology as well as the branding. The two partners could not agree
Renders of the HTC Edge appeared online yesterday with some hugely impressive specifications that included a quad-core 1.5GHz NVIDIA processor. We have received some more details on the HTC Edge, and they are flat out jaw-dropping. In fact, this phone looks like it will be the most powerful smartphone the world has ever seen, packed to the brim with cutting-edge tech. Actually, cutting-edge specs and a super slim profile are likely two of the reasons HTC is calling this phone the Edge. Hit the break for the details.
Without making any noise, HTC has revealed its first smartphone with Beats audio, the company in which HTC now holds a controlling stake of 51 percent. Called the Sensation XE, it features a 1.5GHz single-core dual-core processor, 1GB of internal storage and 768MB of RAM, an 8.0 MP rear and VGA front camera and a 4.3-inch qHD display. This Android smartphone will come with its own set of customized Beats headsets and HTC claims the software has been tuned to automatically detect when Beats headsets are plugged for better listening experience. No word on the pricing or availability, yet. UPDATE: The Sensation XE will be available in Asia and EMEA towards the end of September. Read on for the press release.
There we have it - the first HTC Android smartphone with Beats by Dr Dre technology - a company in which HTC acquired a controlling stake last week. The trigger-friendly folks at the Dutch arm of the Carphone Warehouse could not help but list the HTC Vigor on their site before pulling it down a