8 Facts about Beats by Dre

Wednesday, June 3rd 2015. | Companies

Facts about Beats by Dre present the information about the division of apple. It is called Beats Electronics. The main function of this division is to generate audio products. Dr. Dre and Jimmy Iovine co-founded the company. The base of Beats electronic was in Culver City. Dr. Dre was the rapper and hip hop producer, while lovine was the former Interscope Geffen A&M Records chairman. Here are some interesting facts about Beats by Dre for you:

Facts about Beats by Dre 1: the product line

Beat Electronics focuses on the production of speakers and headphones. Monster Cable Products was the company which had partnership with Beats Electronic. The original products were manufactured by the company.

Facts about Beats by Dre 2: the Beats music service

The Beats music service is another product from Beats by Dr Dre. It was launched in 2014 to expand the market of this company.

Facts about Beats by Dre

Facts about Beats by Dre 3: the value of the brand

Don’t underestimate Beats by Dre for the brand was worth 1 billion dollar based on the report in 2013. Moreover, it has 64 percent market share in United States for the headphone which cost more expensive than $100.

Facts about Beats by Dre 4: HTC

HTC is the Taiwanese Smartphone maker which owned Beats by Dre in a period of time. In 2010, the stake was reduced up to 25 percent. In 2013, HTC decided to hold the remaining stake back. In the end of 2013, the minority shareholder which replaced HTC was Carlyle Group along with lovine and Dr. Dre.

Beats by Dre Products

Facts about Beats by Dre 5: the largest acquisition

Beats by Dre had the largest acquisition on 1st August 2014 after Apple Inc bought it in the price of 3 billion dollars in stock deal and cash. Find out another company in Barclay facts.

Facts about Beats by Dre 6: the formal establishment

In 2006, Beats by Dre was formally formed. The reason for the establishment of the company was based on two primary problems that lovine perceived in the music industry. It concerned with the piracy on the music sales as well as the standard audio quality of the plastic earburds by Apple.

Beats by Dre Image

Facts about Beats by Dre 7: Beats by Dr. Dre Studio headphones

The first product of Beats introduced to the market was Beats by Dr. Dre Studio headphones. It was released in the end of 2008.

Facts about Beats by Dre 8: Monster Cable

Monster Cable was a company which headquartered in Brisbane, California. It focused on the audio and video component manufacturing. Initially, Beats worked with this company to manufacture their products. Check Atari facts here.