Scalper1 News
Apple investors reacted positively Thursday to the official news that Apple is indeed buying Beats Electronics. Apple (AAPL) shares were up nearly 1%, near 629, in midday trading on the stock market today. Word of a possible Apple acquisition of Beats first leaked in early May. Apple confirmed the deal late Wednesday. Apple has agreed to pay $3 billion for Beats Electronics, a leading maker of high-end headphones and portable speakers, and Beats a subscription streaming music service. When news first hit about a possible deal, investors expressed concerns that Apple was overpaying for Beats and that it was a sign of waning innovation at the Cupertino, Calif.-based company But investors now seem to like the deal, which adds a new accessories business and a different type of music service to Apple’s lineup. Apple stock is up nearly 20% since April 23 when Apple reported stronger-than-expected fiscal Q2 results, along… Scalper1 News
Scalper1 News