{UAH} Doc Kayondo Yo homie is a billionaire - Dr. Dre
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No wonder he is so rich! True cost of Dre Beats headphones revealed
- Headphone designers estimate cost of making fancy headset could be $14
- Cheapest Beats headphones cost $200 and price goes as high as $700
- Jimmy Iovine and Dr Dre created $3.2billion company in the mid-2000s
- It was sold to Apple in May of 2014 and they are now company employees
- Deal included $2.6billion in cash and approximately $400million in stock
By Evan Bleier For Dailymail.com
Published: 03:24 GMT, 19 March 2015 | Updated: 10:28 GMT, 19 March 2015
According to estimates from some headphone experts, it might cost more to get your haircut than it does to make a pair of Dre Beats headphones.
The company was sold to Apple in May of 2014 during a record-setting deal that included about $2.6billion in cash and approximately $400million in stock.
Company founders Dr Dre - aka Andre Young - and Jimmy Iovine are now Apple employees.
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Some experts have estimated that it costs at little as $14 to make a pair of Beats by Dre headphones (pictured)
The least expensive pair of Beats by Dre headphones listed on the company's website costs $199.99
The company grew to become worth $3.2billion after celebrates like Lil Wayne began repping the Beats brand
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Headphone designers estimate 'the cost of making a fancy headset is as low as $14', the New York Times reported.
The least expensive pair of Beats headphones that is listed on the company's website costs $199.99 and the most expensive pair retails for $699.99.
Dre and Iovine created the company in the mid-2000s.
Beats grew to become worth $3.2billion after cornering 57 per cent of the market for 'premium' headphones, CNN reported.
Overall, the company controlled 27 per cent of the $1.8billion headphone market in 2014.
During an audio test of 18 of the top-selling headphone brands, TIME Magazine ranked Beats as the second-to-worst entry in terms of sound quality
Read more: http://www.dailymail.co.uk/news/article-3001842/Dre-Beats-headphones-cost-14-make.html#ixzz3UpVheNcl
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