‘Apple must’ be crazy to buy Beats

Jonny Evans

Watching Apple since 1999. I don't say what they should do. I say what they might do. They sometimes do.

2 Responses

  1. filecat13 says:

    That’s a great clip, Jonny. Thanks.

    Oh, the possibilities!

  2. Constable Odo says:

    Gene Munster came out quickly and told his clients to avoid Apple based on the Beats acquisition. He simply flat-out said the deal was bad for Apple and the cost didn’t add up in his head. It was as simple as that. $3.2 billion was too much for Apple to spend on a company maybe worth only $2 billion despite Apple probably takes in $3.2 billion every week. It’s sure not like the risk of AT&T acquiring DirecTV for $45 billion. Munster is an Ivy League senior analyst and can’t fathom anything beyond the raw numbers of a spreadsheet. He figures that Dr. Dre doesn’t have a real doctor’s degree and Beats hardware is crap. I don’t care about that. I’m more interested in the people behind Beats who are capable of making profits and creating content and all the music industry connections that go along with it. To me, that is easily worth $3.2 billion.

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