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
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.
Scroll down for video
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
Share this article
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
Most watched News videos
- Russian soldiers catch 'Ukrainian spy' on motorbike near airbase
- Helicopters collide in Malaysia in shocking scenes killing ten
- Rayner says to 'stop obsessing over my house' during PMQs
- Moment escaped Household Cavalry horses rampage through London
- New AI-based Putin biopic shows the president soiling his nappy
- Vacay gone astray! Shocking moment cruise ship crashes into port
- Shocking moment woman is abducted by man in Oregon
- Prison Break fail! Moment prisoners escape prison and are arrested
- Ammanford school 'stabbing': Police and ambulance on scene
- Columbia protester calls Jewish donor 'a f***ing Nazi'
- MMA fighter catches gator on Florida street with his bare hands
- Sir Jeffrey Donaldson arrives at court over sexual offence charges
