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Apple owns Beats. Samsung owns JBL through Harman. Bose is majority-owned by MIT. Sennheiser's consumer division is up for sale again. Here is the full ownership map of major headphone brands.
Apple owns both Beats and AirPods. So why does it sell two competing headphone lines? The answer reveals how smart companies use internal competition to dominate a market.
Apple has made over 120 acquisitions since 1988. Most were tiny startups you never heard of. But a few transformed the company forever. Here is the complete acquisition story.