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Comment by whaleofatw2022

12 hours ago

Idk im not sure why they bought Beats aside from marketing hype in the first place...

Beats is a $1B+ a year business. Investment-wise it was a no-brainer.

Cultural cachet of Beats - note how Apple kept the brand.

Jimmy Iovine & Dr Dre showed them how to tap into a new demographic.

It helped Apple get up and running with streaming faster, they needed to compete with Spotify.

The Beats brand was a great entrée to an entire market segment that Apple was trying to better access. I'd say it was a masterful acquisition (and integration).