Apple Inc (NASDAQ:AAPL) Picks Beats For $3 Billion


Dallas, Texas 05/29/2014 (FINANCIALSTRENDS) – Apple, Inc. (NASDAQ: AAPL) has now announced it has agreed to buy the critically acclaimed subscription-streaming music service-Beats Music as well as Beats Electronics, that makes the very popular Beats headphones and speakers as well as audio software. As part of this acquisition, the co-founders of Beats, Jimmy Iovine & Dr. Dre will now join Apple. The company is acquiring these 2 companies for a total amount of $3 billion, and this will be made up of the purchase price of around $2.6 billion and around $400M that will vest over a period of time.

Bonding with Apple

Apple’s CEO, Tim Cook said that music is an extremely important part of everyone’s lives and it also holds a very special place within the hearts at the company. That is exactly why the company had continued to investing in music & they are bringing together the extraordinary teams so that they will be able to continue with creating the most-innovative music products & services across the globe. Jimmy Iovine said that he always knew in his heart that Beats had belonged with Apple Inc (NASDAQ:AAPL). The idea when they started this company was inspired by AAPL’s unmatched ability to effectively marry culture & technology.

The No 1

Apple’s very deep commitment to the music fans, artists and songwriters as well as the music industry is an extremely special fact. Iovine has also been at the fore-front of innovation within the music industry literally for decades, & he has also been the instrumental partner for Apple & iTunes® for over a decade. He has also produced/ collaborated with many of the most-successful artists in iTunes history and helped in making it the number one music retailer in the world. Now, Beats and Apple will make music while the sun shines and as they play along, they will also create history.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.