Innovation Trends

Product News Round-Up: Apple to buy Beats, Snapchat Settles, PC Sales up

We’ve recapped some of the big product stories this week.  Also take a look at the LinkedIn Product Delivery Group  to stay up to date on product news by connecting with other product development professionals.
Apple Rumored to be buying Beats
One of the biggest stories to hit late this week was the report that Apple is buying Beats Electronics for $3.2 billion. The deal, which is unconfirmed as of this writing would be Apple’s largest acquisition ever. Beats, the 6 year old headphone maker, founded by Dr. Dre and Jimmy Iovine is said to have had revenue exceeding $1 billion last year. For more perspective on the rumored acquisition, check out Casey Newton’s take at The Verge.
Snapchat Settles with the FTC
Last year it was revealed that messages sent over Snapchat, the messaging app that rose to prominence over its claims of impermanence, weren’t actually gone forever once they were viewed. After investigating the app’s operations, the Federal Trade Commission this week reached a settlement with Snapchat in which they’ve agreed, among other things to an updated privacy policy and 20 years of oversight by the FTC. Read more about the settlement’s implications at the New York Times.
PC Shipments up 5% in Q1 2014
Independent analyst firm Canalys reported this week that worldwide sales of PCs were up 5% in Q1 of 2014. This number includes desktops, laptops and tablets. One of the reasons Canalys cites for the boost was the end of support for Windows XP. When it comes to tablet sales, Apple remains the top seller, but has seen falling sales year over year for iPads as the market has become more saturated. Read more about PC sales trends in the story on The Next Web.