Beats by Dre headphones are overpriced. Yes, we all knew that.
But, do you know the difference between how much you pay and how much they’re actually worth?
According to The New York Times, reports that according to headphone experts, a pair of Beats could cost as little as $14 to make. Yep, even while the cheapest price you can pay for a pair is $199.99, and the most expensive is available for $699.99.
Beats grew to become worth $3.2 billion after cornering 57 per cent of the market for ‘premium’ headphones, CNN reported.
While the report probably won’t do much to stop the company’s growth, Dr. Dre will continue to laugh all the way to the bank, as he became hip-hop’s first billionaire when he and Jimmy Iovine sold Beats by Dre to Apple for $2.6 billion in 2014.