HTC To Invest In Dr. Dre’s Beats Electronics

HTC is about to invest $300 million in Dr. Dre’s Beats Electronics, maker of the famous Beats By Dre headphone line. This deal will eventually make Dr. Dre the richest rapper in the Hip-Hop world.

Dr. Dre is already one of the wealthiest rappers and producers in the world. He is the man behind famous names like Eminem, 50 Cent, Snoop Dogg and many more. This deal will make him more richer and ultimately the wealthiest rapper alive.

HTC wants to beat its competitors Samsung and Apple Inc. in the mobile market where the company is slowly losing its influence due to some patent infringement issues.

HTC will have 51% shares in Beats Electronics and will use its technology and influence to market its products more efficiently. Beats Electronics has got a huge number of fans worldwide and seeing this, we can say that HTC’s sales will increase for sure.

Dr. Dre’s worth is nearly $125 million right now and he is one of the few artists who have registered a net worth of $100 million or more. Following this huge investment by HTC, Dre’s worth will rise rapidly and who knows, maybe he’ll cross the $200 million mark.

On the other side, HTC will also be benefited as Dr. Dre’s name is a brand in itself.

Photo Courtesy of SpreePiX – Berlin
Photo Courtesy of John.Karakatsanis

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Fake Apple Stores Raided By Chinese Authorities

Fake Apple stores were raided by Chinese authorities following a cry out in news forums about fake Apple stores being operated in China. These stores resemble real ones so much that a large number of customers were purchasing their items.

Some of these stores claim that though they are not real outlets of Apple Inc., their products are real and are bought from genuine Apple dealers.

Officials found that there were 5 fake Apple stores being operated in a city called Kunming. Authorities banned two of them to operate and the remaining were allowed to sell their products as no fake Apple products were found in their stores.

These fake stores were being reported since the last week in various news forums. Officials claim that they have inspected around 500 stores in the district and only 5 were found to violate the Apple norms.

Chinese retailers have often been alleged with piracy issues. China is the world’s largest electronic goods manufacturer as well as consumer. Each and every single electronic item has a cheap replica available in China.

Now, Apple has not commented on any of these news. But seeing Apple’s past experience with piracy issues, it is almost certain that it will take a strict action against such stores.

Photo Courtesy of Yutaka Tsutano
Photo Courtesy of Dillon K. Hoops