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Monster's Lee Comments on Apple/Beats Reports

May 13, 2014
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When the shocking news broke last week that Apple was in negotiations to acquire Beats Electronics for $3.2 billion, industry observers had many thoughts, whether about the future of Apple, the long-term viability of the high-end headphone category, or whether or not Dr. Dre can legitimately call himself the first billionaire in hip hop.
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Domestic ales of headphones costing over $100 more than doubled last year, with that category accounting for over $340 million in sales. That's according to numbers released this week by NPD Group.
 

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