The main selling point of the deal with Beats is the company's streaming service, Apple chief executive Tim Cook has said.
The technology giant today confirmed a deal to buy Dr Dre's Beats Electronics for $3bn (£1.78bn), details of which were leaked to the media three weeks ago.
Beats Music, the music streaming subsidiary of the electronics maker, launched this year and has more than 250,000 subscribers.
Although Apple broke into streaming with the launch of iTunes Radio last September, the service has reportedly not been as popular or as lucrative as the company expected.
More top news
World Superbike champion and TV presenter joined thousands of other bikers at an event to raise money for the Midlands Air Ambulance.
Spring takes a hike - for the time being
A number of Britons are feared stranded on Mount Everest after the Nepal earthquake triggered a deadly avalanche on Saturday.