Dr. Dre Selling Beats By Dre To Apple
Published By: Tariq ZidanMay 9, 2014
Apple Might Make Dr. Dre A Billionaire
Rap legend Dr. Dre might sell Beats By Dre. The music and sound company has grown exponentially. The growth of Beats By Dre. seems to have gotten the attention of Apple. Yes the Apple that Steve Jobs and Woz created.
Speculation has the sales price of Beats By Dre at the amount of $3.2 billion. If Apple buys Beats By Dre, Dr. Dre would surpass Jay-Z and Diddy as the wealthiest rapper. Beats has a marketshare that is inline with Apple’s brand. It would provide the Cupertino company with a great market position in the sound and speaker market.
Beats recently released an online streaming platform. It is a monthly service that provides unlimited streaming. That is something Apple hasn’t mastered yet. Although Apple Radio was released in 2013, they don’t are yet to have an unlimited streaming service. The deal would be a game changer for both Apple and Dr. Dre.