Jim Cramer: Apple skeptics getting Tim Cook wrong

“Jim Cramer is hearing a symphony of criticism now that Apple has announced plans to buy Beats Electronics for $3 billion,” Lee Brodie reports for CNBC.

“Although the deal had been rumored for weeks, upon the formal announcement, Cramer found that skeptics surfaced from every corner of the market. Many complained that Tim Cook was effectively marching to his own beat (pun intended), rather than listening to shareholders,” Brodie reports. “Cramer, however, thinks nothing could be further from the truth. ‘I think Cook has been listening. In fact, I think he’s an amazing listener.'”

Brodie reports, “‘”The big black hole on the conference call has always been the decline in iTunes,’ [Cramer said]. ‘That’s a music technology issue. So what does Cook do? He goes out and hires the best in the business, Dr. Dre and Jimmy Iovine, by acquiring Beats, the company that they co-founded.'”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]

Related articles:
Did Apple save Dr. Dre and Jimmy Iovine just in time? – May 30, 2014
Apple paying under $500 million for Beats Music streaming service – May 30, 2014
With Beats, Apple has its next iPod – May 29, 2014
Jimmy Iovine: Apple’s new music impresario – May 29, 2014
Tim Cook: Beats acquisition a ‘killer’ deal for Apple – May 29, 2014
Did Tim Cook just pay $3 billion for his successor, Jimmy Iovine? – May 29, 2014
Steven Levy: With Beats Music service, Apple’s Tim Cook goes against the wisdom of Steve Jobs – May 29, 2014
Apple + Beats = MTV? – May 29, 2014
Eddy Cue and Jimmy Iovine: Steve Jobs would be extremely proud of Apple today – May 29, 2014
Jimmy Iovine brings his own brand of ‘reality distortion field’ to Apple – May 29, 2014
JPMorgan: Apple may spin-off Beats Electronics business – May 29, 2014
Apple CEO Cook: Beats deal a ‘no-brainer’ – May 28, 2014
Tim Cook’s internal memo to Apple employees regarding Beats acquisition – May 28, 2014
It’s official: Apple acquires Beats Music and Beats Electronics for $3 billion – May 28, 2014

10 Comments

  1. You know who else marched to his own beat instead of listening to shareholders?

    Steve Jobs.

    I knew as soon as Steve died the vultures would be circling to finally get more say into how Apple is run. To hell with them. Apple got where they are by focusing on making great products regardless of the time it took or whether it fit conventional wisdom. There’s an old saying; “stick with what got you there”. Here’s hoping Tim sticks to his guns.

    1. Naw, it’s not a parallel world or a strange dimension rather just a now totally dysfunctional nation that has lost the moral high ground and all sense of integrity believing that torture is civilized and invading countries is justice.

      They don’t even have a curtain to hide behind.

  2. Lee Brody shouldn’t write about music. He doesn’t know “symphony” implies tuned instruments. The Tim Cook skeptics are mostly out of tune and arrhythmic.

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