If You Invested $1000 In Apple When It Made Its Biggest Acquisition 9 Years Ago, Here's How Much You'd Have Now
Portfolio Pulse from Shanthi Rexaline
Nine years ago, Apple made its biggest acquisition by purchasing Beats Electronics for $3 billion. If an investor had invested $1,000 in Apple at that time, their investment would now be worth $248,058.02, a 24,705% gain. Apple's acquisition of Beats helped the company launch its Apple Music streaming service, which is expected to reach 110 million subscribers by 2025.
May 29, 2023 | 12:25 pm
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Apple's acquisition of Beats Electronics helped it launch Apple Music, a rival to Spotify. Apple Music is expected to reach 110 million subscribers by 2025, while Spotify reported 210 million paid subscribers at the end of Q1.
Apple's acquisition of Beats Electronics and the subsequent launch of Apple Music has created competition for Spotify in the music streaming industry. While Apple Music is expected to reach 110 million subscribers by 2025, Spotify still holds a larger market share with 210 million paid subscribers at the end of Q1. The rivalry between the two companies may impact Spotify's growth, but it is not clear how significant the impact will be in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Apple's acquisition of Beats Electronics 9 years ago has led to a 24,705% gain for investors who invested $1,000 at that time. The acquisition helped Apple launch its Apple Music streaming service, which is expected to reach 110 million subscribers by 2025.
The acquisition of Beats Electronics has had a significant impact on Apple's growth and expansion into the music streaming industry. The success of Apple Music, which is expected to reach 110 million subscribers by 2025, has contributed to the company's overall growth and increased its stock value. This has resulted in a 24,705% gain for investors who invested $1,000 in Apple at the time of the acquisition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100