HTC's Beats Tie-Up Didn't Pump Up the Volume
HTC today announced that it is selling its remaining stake in Beats Audio. The company invested $300 million in the headphone and audio company several years ago, and used Beats' technology in its phones. HTC had hoped the partnership would help it sell more devices. HTC sold half its stake last year for $150 million, and today is selling off the rest for $265 million. According to the Wall Street Journal, the relationship between Beats and HTC soured over strategy and investment priorities. Beats is actively seeking new investors as it looks to charge into new markets. Meanwhile, HTC can use the cash due to its declining device sales and on-going capital expenditures. HTC did not say if it will continue to use Beats Audio technology in its phones.
Hands On with the HTC U Ultra and U Play
The HTC U Ultra and U Play are the company's new high-end phones, replacing the iconic HTC 10 and One series. They sport flowing 3D curved glass on the back, and high-end specs.
Apple Releases Its Second Android App for Beats Speaker
Apple has made available a new Android app called Beats Pill+. The app has the distinction of being Apple's second-ever for the Android platform, following the Move to iOS app released earlier this year.
Monster Sues Beats Over Alleged Fraud
Monster claims it was duped by Beats Electronics into giving away millions of dollars worth of intellectual property. Monster filed a lawsuit against Beats, its co-founders Jimmy Iovine and Dr.
Apple Closes Acquisition of Beats
Apple today closed its acquisition of Beats Audio. The $3 billion deal was announced earlier this year.