A Good Time to Pick Apple


John Reese

 | Jul 01, 2014 | 2:00 PM EDT
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Apple's late CEO, Steve Jobs, was reportedly a big music fan. Current CEO, Tim Cook, does not have such a reputation, but he still seems to get the beat -- witness Apple's (AAPL) recent announcement that it will purchase Beats by Dr. Dre for $3 billion.

Beats has a highly successful headphone line, thus providing a potential entrée into wearable technology. It also offers a streaming music service whereby music fans access music from the cloud. And it has two established and well-connected music industry insiders as its founders (and now employees of Apple): Jimmy Iovine and Dr. Dre (whose real name is Andre Young)....474 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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