Jury rules Dr. Dre and Jimmy Iovine owe $25M to early Beats collaborator

Beats Studio 3 wireless headphones A Los Angeles jury has ruled that Dr. Dre and Jimmy Iovine, the founders of Apple-owned Beats Electronic, owe $25.25 million in royalties to an early collaborator who helped create the first model of Beats Studio headphones. Founded in 2008, Beats was acquired by Apple in 2014. The plaintiff, Steven […]

Jimmy Iovine said to be transitioning to consulting role at Apple

Back in January, reports surfaced that Jimmy Iovine was planning to exit Apple later this year — four years after selling Beats to the company. The music exec issued a semi-denial at the time, stating that he was committed to his bosses and still “in the band.” The latest update to Iovine’s reported on-again-off-again relationship […]

Apple’s over-the-ear headphones could feature noise-canceling

The plot thickens. Last week, KGI analyst Ming-Chi Kuo reported that Apple has been working on over-the-ear headphones in addition to new AirPods. Today, Bloomberg confirms this information and adds that these new headphones could also feature noise-canceling capabilities. KGI said that this new product should be available at some point in Q4 2018, just […]

Crunch Report | Jimmy Iovine is not leaving Apple

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Jimmy Iovine is reportedly leaving Apple this year

Jimmy Iovine, the music mogul who sold Beats to Apple in 2014, is reportedly leaving Apple later this year (in August), Billboard reports. Word on the street is that Iovine’s departure is timed with his Apple shares fully vesting, according to Billboard. Back in May 2014, Apple paid $3 billion for the headphone maker and […]