Apple acquiring Beats is not about design. Apple did not acquire Beats for their design prowess, as the Beats group does not design the physical elements of their own products - Ammunition Group* does. Instead, Apple will have acquired Beats for its inroads to music, one way or the other. It is possible, if this deal is done, that Apple will have made a bad decision.
As ways of announcing a $3.2bn acquisition go, popping drinks in the studio with Dr. Dre as he declares himself "the first billionaire in hip-hop" over the deal to sell Beats to Apple is one of the most memorable. In a video posted by actor Tyrese Gibson to his Instagram account, the rapper and producer behind Beats Audio seemingly confirms the sale to the iPhone maker, along with suggesting that the Forbes rich list probably now needs updating.
Notoriously quiet about acquisitions, Apple may be set to make some noise. A report from Financial Times pegs the California company as close to tucking Dr. Dre’s Beats Electronics under their wing. The deal, reportedly worth $3.2 billion, would encompass all Beats properties.
Apple's damages pay-out from Samsung has been shuffled but not materially changed, with the jury in the patent trial granting extra cash for one infringement but notching back the sum on another to compensate. Apple was awarded $119m by the San Jose court on Friday last week, but asked by Justice Lucy Koh to re-examine the final awards after not granting damages for one case of Samsung's infringement.
This week during Apple’s earnings call for their financial Q2 2014, Tim Cook spoke up on the impact of changing smartphone plans and the growing smartphone market around the world. How might this affect Apple and sales of the iPhone? Cook made clear that it wasn’t an easy question to answer.
More than two-thirds of new iPad users over the past few months, and more than half of iPhone buyers, are new to the Apple products, CEO Tim Cook has said today, as the company announces more than $10bn in net profits for Q2 2014. Over 60m new users were registered across Apple's four product categories, Cook pointed out, while confirming a new Apple Retail chief.
Starting off the quarter with a record-breaking quarter for revenue from services, Apple showed a quarterly revenue of $45.6 billion USD. This amount works with a quarterly net profit of $10.2 billion, turning out $11.62 USD per diluted share for the quarter. This is Apple’s financial Q2 for 2014.
Apple sold 43.7m iPhones in Q2 2014, while iPad sales reached 16.4m, with phone sales rising compared to the previous year, though the same could not be said of the tablet category. Sales of the iPhone decreased 14-percent quarter-on-quarter - though were up 17-percent year-on-year - while revenue from smartphone sales dropped by a fifth to $26bn QoQ but up 14-percent YoY.