Apple: What you gon' do with all that junk inside your trunk?
#361
http://www.apple.com/pr/library/2014...ectronics.html
Apple to Acquire Beats Music & Beats Electronics
CUPERTINO, California—May 28, 2014—Apple® today announced it has agreed to acquire the critically acclaimed subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. 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.
“Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” said Tim Cook, Apple’s CEO. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.”
“I’ve always known in my heart that Beats belonged with Apple,” said Jimmy Iovine. “The idea when we started the company was inspired by Apple’s unmatched ability to marry culture and technology. Apple’s deep commitment to music fans, artists, songwriters and the music industry is something special.”
Iovine has been at the forefront of innovation in the music industry for decades, and he has been an instrumental partner for Apple and iTunes® for more than a decade. He has produced or collaborated with some of the most successful artists in the history of the iTunes Store®, helping make it the world’s number one music retailer. Iovine and Dr. Dre are sound pioneers, artists and entrepreneurs.
Beats Electronics has brought the energy, emotion and excitement of playback in the recording studio back to the listening experience and has introduced an entirely new generation to premium sound entertainment. Beats Music was developed by a team of people who have each spent their entire career in music and provides music fans with an incredible curated listening experience.
“Music is such an important part of Apple’s DNA and always will be,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “The addition of Beats will make our music lineup even better, from free streaming with iTunes Radio to a world-class subscription service in Beats, and of course buying music from the iTunes Store as customers have loved to do for years.”
In just five years since launch, the Beats “b” has become the brand of choice in the music and sports worlds, and is the market leader in the premium headphone market. Music superstars including Lady Gaga, Lil Wayne and Nicki Minaj have designed their own customized Beats headphones and speakers. Fashion designers and street artists such as Alexander Wang, Futura and Snarkitecture have collaborated on special limited products, while renowned athletes including LeBron James, Serena Williams and Neymar use Beats as a critical part of their training and game day process. Beats has quickly become part of pop culture in the US and with the acquisition the Beats product lineup will be offered in many more countries through the Apple Online Store, Apple’s retail stores and select Apple Authorized Resellers.
Subject to regulatory approvals, Apple expects the transaction to close in fiscal Q4.
Formally established in 2008 as the brainchild of legendary artist and producer Dr. Dre and Chairman of Interscope Geffen A&M Records Jimmy Iovine, Beats Electronics (Beats) comprises the Beats by Dr. Dre family of premium consumer headphones, earphones, and speakers as well as patented Beats Audio software technology and streaming music subscription service Beats Music. Through these offerings, Beats has effectively brought the energy, emotion and excitement of playback in the recording studio to the listening experience and has introduced an entirely new generation to the possibilities of premium sound entertainment.
Beats Music is a subscription streaming music service that focuses on providing a personalized music experience for each user through a unique blend of digital innovation and musical passion. Programmed by a trusted team of well-respected music experts with over 300 years of experience across all genres, Beats Music delivers the right music for any situation, any time, and any preference, personalized to your tastes. The result is an artist-friendly digital music service that does more than simply offer access to music, but one that establishes an emotional connection to it as well.
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.
CUPERTINO, California—May 28, 2014—Apple® today announced it has agreed to acquire the critically acclaimed subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. 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.
“Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” said Tim Cook, Apple’s CEO. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.”
“I’ve always known in my heart that Beats belonged with Apple,” said Jimmy Iovine. “The idea when we started the company was inspired by Apple’s unmatched ability to marry culture and technology. Apple’s deep commitment to music fans, artists, songwriters and the music industry is something special.”
Iovine has been at the forefront of innovation in the music industry for decades, and he has been an instrumental partner for Apple and iTunes® for more than a decade. He has produced or collaborated with some of the most successful artists in the history of the iTunes Store®, helping make it the world’s number one music retailer. Iovine and Dr. Dre are sound pioneers, artists and entrepreneurs.
Beats Electronics has brought the energy, emotion and excitement of playback in the recording studio back to the listening experience and has introduced an entirely new generation to premium sound entertainment. Beats Music was developed by a team of people who have each spent their entire career in music and provides music fans with an incredible curated listening experience.
“Music is such an important part of Apple’s DNA and always will be,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “The addition of Beats will make our music lineup even better, from free streaming with iTunes Radio to a world-class subscription service in Beats, and of course buying music from the iTunes Store as customers have loved to do for years.”
In just five years since launch, the Beats “b” has become the brand of choice in the music and sports worlds, and is the market leader in the premium headphone market. Music superstars including Lady Gaga, Lil Wayne and Nicki Minaj have designed their own customized Beats headphones and speakers. Fashion designers and street artists such as Alexander Wang, Futura and Snarkitecture have collaborated on special limited products, while renowned athletes including LeBron James, Serena Williams and Neymar use Beats as a critical part of their training and game day process. Beats has quickly become part of pop culture in the US and with the acquisition the Beats product lineup will be offered in many more countries through the Apple Online Store, Apple’s retail stores and select Apple Authorized Resellers.
Subject to regulatory approvals, Apple expects the transaction to close in fiscal Q4.
Formally established in 2008 as the brainchild of legendary artist and producer Dr. Dre and Chairman of Interscope Geffen A&M Records Jimmy Iovine, Beats Electronics (Beats) comprises the Beats by Dr. Dre family of premium consumer headphones, earphones, and speakers as well as patented Beats Audio software technology and streaming music subscription service Beats Music. Through these offerings, Beats has effectively brought the energy, emotion and excitement of playback in the recording studio to the listening experience and has introduced an entirely new generation to the possibilities of premium sound entertainment.
Beats Music is a subscription streaming music service that focuses on providing a personalized music experience for each user through a unique blend of digital innovation and musical passion. Programmed by a trusted team of well-respected music experts with over 300 years of experience across all genres, Beats Music delivers the right music for any situation, any time, and any preference, personalized to your tastes. The result is an artist-friendly digital music service that does more than simply offer access to music, but one that establishes an emotional connection to it as well.
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.
#362
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
Iovine and Dr. Dre are sound pioneers
#363
Team Owner
Thread Starter
Listen to music and shit.
The following users liked this post:
Mizouse (05-28-2014)
#364
I wonder how the stock will react to this news tomorrow. No movement in after hours. Can't be a good sign.
#365
The sizzle in the Steak
Beats?
Why?
Why?
#366
Go Giants
#367
#368
#369
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
I don't see why it would be a bad thing thou.
#370
The sizzle in the Steak
#371
#372
The sizzle in the Steak
Beats subscribers: 250,000
Spotify subscribers: 10 million
Pandora ranks number 48 in the United States as the most visited site, and ranks 218 in the world.
So why Beats?
Maybe Apple tried to get one of the bigger fish, but had to settle for the smaller fish
Spotify feels they are worth $4 billion.
http://www.theregister.co.uk/2013/11...ues_it_at_4bn/
Seems odd.
Maybe Apple really thinks peeps are gonna continue to buy overpriced Beats gear for decades?
Spotify subscribers: 10 million
Pandora ranks number 48 in the United States as the most visited site, and ranks 218 in the world.
So why Beats?
Maybe Apple tried to get one of the bigger fish, but had to settle for the smaller fish
Spotify feels they are worth $4 billion.
http://www.theregister.co.uk/2013/11...ues_it_at_4bn/
Seems odd.
Maybe Apple really thinks peeps are gonna continue to buy overpriced Beats gear for decades?
#373
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
From what I read it wasn't really about the hardware, more about their software, catalog and curation.
To quote tim
Also the app will remain on android and windows. So it would be apple first cross platform music app
To quote tim
We get a subscription music service that we believe is the first subscription service that really got it right. They had the insight early on to know how important human curation is. That technology by itself wasn’t enough — that it was the marriage of the two that would really be great, and produce a feeling in people that we want to produce.
[...]
But mostly, backing up — it’s because we always are future-focused. So it’s not what Apple and Beats are doing today. It’s what we believe pairing the two together can produce for the future.
[...]
But mostly, backing up — it’s because we always are future-focused. So it’s not what Apple and Beats are doing today. It’s what we believe pairing the two together can produce for the future.
Also the app will remain on android and windows. So it would be apple first cross platform music app
#374
Apple already screwed up by not offering iTunes for Android.
#375
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
#376
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
Ohh forgot about the split. Now I need to figure out my cost based off the new price
#377
Team Owner
Thread Starter
Tim Cook outed.
http://valleywag.gawker.com/cnbc-sho...ook-1597097150
http://valleywag.gawker.com/cnbc-sho...ook-1597097150
"Tim Cook is fairly open about the fact that he's gay at the head of Apple, isn't he?" Silence.
Last edited by doopstr; 06-27-2014 at 03:33 PM.
#378
Rooting for Acura
iTrader: (1)
How could you not understand that Apple; a manufacturer of high priced electronic devices that sell largely from the hype around the brand, would buy another manufacturer of high priced electronic devices that sell largely from the hype around the brand? It's a perfect match.
#379
New 52 week high of $95.99 ($671.93 pre-split) today. Up another $0.32 in after hours to $96.29
Earnings are 2 weeks away.
All time high was $100.7243 ($705.07 pre-split) on Sept. 21, 2012. This is going to easily punch through $100 and break that all time high by the end of the month.
Earnings are 2 weeks away.
All time high was $100.7243 ($705.07 pre-split) on Sept. 21, 2012. This is going to easily punch through $100 and break that all time high by the end of the month.
#380
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
i aint making a mistake again and will take profit
#381
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
#383
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
#385
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
Eps 1.28/share vs 1.23
Rev 37.4 bill vs 37.98
Rev 37.4 bill vs 37.98
#386
Q3 EPS of $1.28 or $7.75 billion (up 12.3%) vs $6.9 billion (EPS of $1.07) a year ago. Estimate were for EPS of $1.23 or $7.49 billion.
Revenue of $37.43 billion (up 6%) vs $35.32 billion a year ago. Estimate were for revenue of $37.99 billion
Profit margin of 39.4% vs 36.9% a year ago. Estimate were for margins of 37%-38%
sales:
iphones = 35.2 million (up 12.7%) vs 31.2 million a year ago and 26 million in Q3 2012. Analysis expected 35.9 million.
ipad = 13.28 million (down 9.2%) vs 14.6 million a year ago and 17 million in Q3 2012. Analysis expected 14.4 million.
mac = 4.4 million (up 17.6%) vs 3.8 million a year ago and 4 million in Q3 2012.
ipod = 2.93 million
Q4 guidance
Revenue of $37 billion to $40 billion vs expectations of $40.44 billion
Profit margin 37% - 38% vs expectations of 37.5%
Revenue of $37.43 billion (up 6%) vs $35.32 billion a year ago. Estimate were for revenue of $37.99 billion
Profit margin of 39.4% vs 36.9% a year ago. Estimate were for margins of 37%-38%
sales:
iphones = 35.2 million (up 12.7%) vs 31.2 million a year ago and 26 million in Q3 2012. Analysis expected 35.9 million.
ipad = 13.28 million (down 9.2%) vs 14.6 million a year ago and 17 million in Q3 2012. Analysis expected 14.4 million.
mac = 4.4 million (up 17.6%) vs 3.8 million a year ago and 4 million in Q3 2012.
ipod = 2.93 million
Q4 guidance
Revenue of $37 billion to $40 billion vs expectations of $40.44 billion
Profit margin 37% - 38% vs expectations of 37.5%
Last edited by AZuser; 07-22-2014 at 03:53 PM.
#387
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
Down 0.5% right now
#388
#389
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
#390
Suzuka Master
I wish I was able to afford more apple stock.. I was just able to afford 1 right when they announced the split
I'm not sure if I'd consider Apple a "buy" right now though. I'm still iffy if they're going to screw up the watch or not... And how the public sees the bigger iPhone
I'm not sure if I'd consider Apple a "buy" right now though. I'm still iffy if they're going to screw up the watch or not... And how the public sees the bigger iPhone
#391
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
Less than $1 to go before $100/share
#393
Sold to open a $106.43 Aug 16 call and a $110 Sep 20 call. Let's see if they get called away.
Last edited by AZuser; 07-28-2014 at 05:15 PM.
#394
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
100/share
#395
New 52 week high of $95.99 ($671.93 pre-split) today. Up another $0.32 in after hours to $96.29
Earnings are 2 weeks away.
All time high was $100.7243 ($705.07 pre-split) on Sept. 21, 2012. This is going to easily punch through $100 and break that all time high by the end of the month.
Earnings are 2 weeks away.
All time high was $100.7243 ($705.07 pre-split) on Sept. 21, 2012. This is going to easily punch through $100 and break that all time high by the end of the month.
#396
Did it. New all time high.
$110 by iPhone 6 launch next month?
$110 by iPhone 6 launch next month?
#397
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
#398
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
#400
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 39
Posts: 63,178
Received 2,773 Likes
on
1,976 Posts
So sell before or after September 9th