iOS 8 may come with a feature music fans will appreciate. According to Japanese tech website Macotakara, Apple Inc. (NASDAQ:AAPL) is prepping up high-definition audio playback feature for the upcoming mobile operating system.
Exciting changes for iOS 8
Currently, iOS 7 can’t handle the higher quality audio 24-bit files that have a sampling frequency that goes beyond 48 kHz. And to support the better quality audio, Apple Inc. (NASDAQ:AAPL) will add new versions of in-ear headphones and lightening cables. Next month, we can expect the official unveiling of iOS 8 at the Worldwide Developers Conference and the event could have a huge focus on music. Especially since Apple is in the running to buy Beats from hip hop artist/business man Dr. Dre and Jimmy Iovine.
At the 2021 SALT New York conference, which was held earlier this week, one of the panels on the main stage discussed the best macro shifts coming out of the pandemic and investing in value amid distress. The panel featured: Todd Lemkin, the chief investment officer of Canyon Partners; Peter Wallach, the managing director and Read More
The Cupertino-based company is close to closing in on a $3.2 billion acquisition of Beats. If the purchase goes as successful as Apple Inc. (NASDAQ:AAPL) hopes it does, this would be the company’s biggest acquisition to date. It would also boost Dr. Dre’s net worth to $800 million.
Apple may purchase Beats
Last fall, Apple Inc. (NASDAQ:AAPL) launched iTunes Radio as a way to enter the music streaming arena. Now that Apple knows the radio is a success, its time for the company to move to a new avenue and Beats Music could be just the thing the company needs to compete directly with music-on-demand streaming websites like Spotify or Rhapsody.
Forbes elaborated in a recent post, “But there is something else going on here. There is a hugely consequential battle underway for Apple Inc. (NASDAQ:AAPL)’s cash that will produce some massive winners. Apple Inc. (NASDAQ:AAPL) has an absolutely enormous amount of cash. Its cash hoard now stands at some $150 billion. As Apple started to accumulate this unprecedented treasure chest last decade, CEO Steve Jobs stubbornly refused to spend any of it. A unique and extraordinary man, Jobs built what at one point was the world’s biggest company by market value by urging people to “think different.” He consistently baffled observers by resisting calls to spend his company’s money, saying on a conference call in 2010 that “we’d like to continue to keep our powder dry.”
Apple could transform the music industry once again.