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Market Closed -
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After market 06:55:45 pm | |||
| 165 USD | -1.22% |
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164.6 | -0.24% |
| Apr. 19 | US Equities Markets Close Mixed Friday as Netflix Slump Weighs on S&P 500, Nasdaq | MT |
| Apr. 19 | Apple to Receive Approval in EU Next Month to Open Payment System to Rivals | MT |
(Reuters) - Apple Inc intends to lay off about 200 people at Beats Electronics LLC following its $3 billion acquisition of the headphone and music streaming services company, Bloomberg cited a person with knowledge of the restructuring as saying.
The job cuts will mainly hit human resources, finance and other departments with significant overlap between the two, the news agency reported.
Apple's largest acquisition in decades, announced in May, lands the iPhone maker a fast-growing music subscription business, executives like Jimmy Iovine with strong ties to the recording industry, and a line of premium headphones.
(Reporting by San Francisco newsroom)
| 1st Jan change | Capi. | |
|---|---|---|
| -14.30% | 2,579B | |
| +1.28% | 52.14B | |
| +23.92% | 19.23B | |
| -18.86% | 6.07B | |
| -18.38% | 2.9B | |
| +100.46% | 1.27B | |
| +9.84% | 695M | |
| +1.99% | 354M | |
| -50.00% | 115M | |
| +37.68% | 109M |
APPLE INC. 
