In a big move reshaping the premium audio landscape, Samsung subsidiary Harman International acquired Masimo Corporation’s Sound United consumer audio business for $350 million in cash, the companies said this week — including some of the industry’s most storied brands.
The deal brings renowned audio brands like Bowers & Wilkins, Denon, Marantz and Polk Audio under Samsung’s expanding audio empire — potentially creating new challenges for Apple in both the consumer audio, automotive and smart home markets.
And the seller happens to be Apple legal rival Masimo, whose lawsuit against the iPhone giant put a stop to blood oxygen sensing in Apple Watch. Ouch.
May 9, 2005: Apple quietly begins selling music videos in the
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May 8, 1997: Apple launches the PowerBook 2400c laptop, a 4.4-pound “subnotebook” that’s the MacBook Air of its day.
May 7, 2014: Katie Cotton, the fearsome, much-admired head of Apple’s worldwide publicity machine, steps down from her vice president post after 18 years with the company.
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May 6, 1998: Apple CEO Steve Jobs unveils the original iMac, a brightly colored, translucent computer that will help save the company. Coming just 10 months after Jobs’ new management team takes over, the iMac G3 loudly announces that the days of Apple quietly fading into the background are over.