Apple to sign a USD3.2b deal with Beats Electronics

(MENAFN) Apple's plan to pay USD3.2 billion for Beats Electronics, headphones maker and has an up-and-coming streaming music service, could play an essential role in enhancing the use of its swelling cash pile and stimulate the iPhone maker's move into wearable, The Peninsula Qatar reported. Investors are still fighting to know the reason why CEO Tim Cook would break Apple's long terms regulations of relatively minor acquisition of about USD200 million to USD400 million. Most observers say that it's going to be a mix of technology and music industry talent in order to improve digital music sales. Shares in the iPhone maker, which has been stuck at around USD600 for over a year, resulting a 0.4 decrease at USD585.50 in the first day of trading after the news broke.