“JPMorgan believes Apple acquired an ‘innovative service’ in Beats Music to help its shrinking iTunes business,” The Fly on the Wall reports.
“JPMorgan says it’s interesting that Apple’s acquisition press release lists Beats Music first and the electronics brand second even though most of the current revenue is associated with the electronics” The Fly on the Wall reports. “It believes Apple may spin-off the headphones and accessories business as the brand could ‘easily stand on its own.'”
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