Dr. Dre is awesome but neither he nor Maria Carey's ex, Iovine, are not techies and Apple needs to keep innovating with tech, not celebrity marketers on their payroll.
This acquisition of Beats at this time and place for this kind of money is indeed yet another indicator that we are in my App Revolution Stock Market Bubble, capitalized because it just keeps getting bigger.
I sure wish Apple were spending that money and time on much-needed improved operating systems and mind-blowing features for their gadgets instead of buying a fashion accessory tied to music app company instead.
That said, Apple remains one of my biggest positions since I'd recently built it back up a few months ago and I'm holding that position steady because they still have a lot more going right and are cheap enough that I still like the risk/reward for the next couple years at least in the stock.
