Jay Z is readying his Beats Music rival Photo: Jim Merithew/Cult of Mac
Dr. Dre became the first billionaire of hip-hop thanks to Apple’s $3 billion acquisition of Beats Music and its accompanying over-priced headphone brand. Jay Z is pretty much the only big name rapper that hasn’t imitated Dre by slapped his name on headphones. Instead, he’s decided to do the next best thing and buy a high-def music startup.
Jay Z purchased the Scandinavian music streaming company Aspiro today, adding to his array of businesses that include clothing, sports bars, and a sports agency. The takeover cost Jay Z $56 million in an effort to take on the likes of Spotify, Beats Music, and the fiery music titan Neil Young.
From personal computers and smartphones, to tablets and wearables, half the fun of following Apple is trying to figure out where it's going to go next.
Looking back through the Cult of Mac archives, a lot of the rumors we've brought to light over the years did hint at innovations that eventually found their ways into the sweaty hands of excited customers. But every once in a while a rumor comes along that's so ridiculous it can't possibly be true. And more often than not, that's exactly the case.
Check out our gallery for our picks of top Apple rumors that turned out to be totally wide of the mark.
Apple TV is still awaiting its apparently game-centric overhaul, but the Apple TV this rumor’s about is the long-awaited Apple television set we’ve heard reports of for years now. Of all the reports we’ve heard, the most oddly specific was one from analyst Peter Misek. He claimed Apple would make a television “display, gaming center, media hub, computer, home automator, etc.” that would retail for $1,250, bring in 30 percent gross margins, feature IGZO panels from Sharp, and be called the iPanel. Oh yes, and Apple was building 5 million of them in May 2012.
Of course, absolutely none of this wound up happening. Maybe the shipments sunk on their way over to Cupertino?
Disney is an entertainment giant. But with assets valued at a total of just (!) $81 billion, Apple could probably snap it up with the money Tim Cook uses to wedge his office door open with. There are people who will swear up and down that an Apple/Disney buyout makes perfect sense — particularly given Steve Jobs’ history as a major Disney shareholder.
Recently Francis McInerney, a consultant at North River Ventures, called the deal “frighteningly obvious” and said that “the logic is so great this could happen tomorrow.” Rumors of an Apple/Disney merger go back at least as far as 1999 when it was reported that Disney planned to acquire both Apple and Pixar in a $12 billion stock swap, with Steve Jobs being ordained CEO of the mega-company. Since then, this rumor has come back with surprising regularity — although it’s unknown exactly why Apple would be interested in running theme parks and making animated movies.
According to Topeka Capital Markets analyst Brian White earlier this year, Apple’s busy working on an “iRing" finger ring we’ll use to control our Apple devices with. The suggestion was so preposterous that even the usually poker-faced Tim Cook cracked a joke about it.
The reality is that much of the “digital hub” functionality that an iRing would have brought will likely be carried out by the iWatch when it finally surfaces. For those who really wanted this rumor to be true, however, never fear: several companies have created their own third-party iRings to bring this rumor to life.
The iPhone 6 is getting Dark Knight-style sonar mapping
At the end of Chris Nolan’s 2008 movie The Dark Knight there's a scene in which Batman uses Lucius Fox’s sonar concept to turn every cellphone in Gotham City into a huge sonar-based live map in order to find The Joker. Back in 2012 it was rumored that Apple was interested in applying that same technology to its then-a-gleam-in-Apple’s-eye iPhone 6 handset. The tech would allow Apple to integrate audio sensors into its displays, which could detect the proximity of objects to your iPhone: interrupting your podcast app to alert you that a fast-moving large object is approaching you, for example.
Now obviously it’s a bit difficult to disprove this report given that the iPhone 6 itself is still technically a rumor. This one was also based on an Apple patent, which shows that someone in Cupertino at least took it seriously enough to file the necessary paperwork. However, we’ve heard nothing about it since, while more and more details of the iPhone 6 have been leaking on what seems like a daily basis. Maybe one to chalk up for the unsubstantiated rumor pile!
Which is a real shame because if Apple could’ve figured out a way to license Morgan “Lucius Fox” Freeman’s voice for a next generation Siri the combo could have been a total crowd pleaser.
Greedy rumor-mongers didn’t even wait until Tim Cook started running the show at Apple to begin spreading rumors of his plans to quit. Back in 2010, investor gossip site Fly On The Wall wrongly suggested that Cook was off to join HP as its new CEO. (Gullible investors actually led to Apple stock dropping 20 points as a result.) Now that Cook is CEO it’s a bit more difficult to make those kinds of reports convincing, so the narrative has instead changed to suggest the Apple board is unhappy with Cook’s performance and plans to drop him at the earliest possible opportunity. Well, plenty of opportunities have presented themselves, but Cook’s still hanging on in there.
Maybe (shock horror!) people have realized he’s actually doing a pretty great job.
There have been rumors of Retina iMacs practically since the day Apple announced Retina display was coming to iOS in 2010. Most of them have been complete nonsense, and Mac fans have had year after year of seeing their ultra-high-res hopes dashed whenever Apple would announce a new Mac product. Unlike pretty much every other item on this list, however, it looks like a Retina iMac may finally be happening, courtesy of recently discovered code in Apple's OS X 10.10 Yosemite beta. But maybe that’s just the optimism speaking...
Apple teams up with a super-wealthy rapper? It’ll never happen. Okay, so that’s probably what we would have written before Apple acquired the services of Dr. Dre courtesy of its $3 billion Beats deal earlier this year. That’s not the rumor we’re referring to though.
Back in the heady days of 2008, it was briefly reported that Apple was teaming with none other than Jay Z to launch a brand new music label. The “news” came off the back of Jay leaving his role of president at Def Jam, and was based on "a high-up person attached to Jay.” There was supposedly a business model and everything, but in the end this news lasted less time than Jay Z’s Black Album retirement.
Five years later, Samsung shelled out big bucks for a Jay Z exclusive promotion. Maybe someone at Samsung HQ was reading through old Apple rumors that day...
Over the years the reports of Apple's death have been greatly exaggerated.
According to the always entertaining Apple Death Knell Counter, Apple has been declared dead no less than 65 times since April, 1995. Usually the attempt of journalists looking to pick up click-throughs/sell books/make a fool of themselves, the disease can often manifest in business analysts, other CEOs, and generally anyone who should know better. A recent example? Trip Chowdhry, writing for CNBC, who sagely noted that Apple must come up with its debut wearables product within 60 days or it will perish. "It will take years for Apple's $130 billion in cash to vanish, but it will become an irrelevant company ... it will become a zombie, if they don't come up with an iWatch.” See what we mean?
Sadly these rumors won’t go anywhere, regardless of what AAPL stock prices do. Hey, at least they make amusing reading after the fact.
Beats already released one epic World Cup commercial this month, but last night Dre’s music behemoth tossed out another fantastic ad wrapped in an exclusive Jay Z track you’ll only find on Beats Music.
For the next week a new remix of “Jungle” featuring Jay Z alongside fellow Brooklyn-based friends, X Ambassadors & Jamie N Commons will be exclusively available on Beats Music streaming service.
Checkout the full Beats ad with J Hova’s ungodly soccer fueled verse:
Samsung has struck a $100 million deal with the NBA that will see its tablets and televisions used courtside during games. The deal is seen as a strategic move that could expand the global reach of both parties, shoving Samsung’s logo and devices into the faces of NBA fans, and putting NBA content into the hands of Samsung’s customers.
Facebook for iPhone and iPad has been updated to introduce verified celebrities, public figures, and brands. Just like on Twitter, verified accounts will have a blue check mark next to their names, so now you’ll know for certain whether that guy you’ve been talking to really is Justin Bieber.
In the ongoing smartphone culture wars, Samsung spent a reported $5 million engaging the latest song stylings of Jay-Z as an exclusive for Galaxy owners.
Owners of that phone contended for a million copies of the impressively-titled album “Magna Carta Holy Grail” launched July 4 in a special app, three days before the rest of us can get it in iTunes. Media saw the promotion as a tactical move by Samsung to gain position on the music front over Apple.
The cachet lasted about as long as a cheap sparkler: there are thousands of torrents of the album available.
As one of the guys who decided to spread the work of Beyoncé’s husband up for everyone put it: “I should clarify it was available to the first million (I think…) Samsung Galaxy owners to chime in with an app for the album. My wife got it but I’m not rocking a Samsung :/”