The cost of making a Beats by Dre is less than N3k

jonathan

March 19, 2015 2:47 PM

Headphone designers estimate 'the cost of making a fancy headset is as low as $14', and the least priced piece sells for $199.99

According to estimates from some headphone experts, the cost of making Dre Beats headphones is less than N3,000.

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.

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 (N39,808) and the most expensive pair retails for $699.99 (N139,333.01).

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.

jonathan