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Apple Music Chief & Beats Co-Founder Steps Down

Set to be a considerable loss for Apple, music industry veteran and Beats by Dr Dre Co-Founder, Jimmy Iovine, has revealed he’s leaving his day-to-day post at the Californian giant in August. Known as the ‘public face’ of Apple’s music operations, Iovine will stay on in a “consulting role“.

After joining Apple in 2014, Iovine is known for spearing the US$3 million acquisition of Beats Electronics. He oversaw the development of Beats’ over-the-ear headphones.

Iovine’s departure may come at an inopportune time. He is credited for significantly growing Apple Music, and the streaming service is well on track to overthrow Spotify’s leading position.

The news isn’t a complete shock to the market, following Billboard’s leak of his possible departure sometime earlier. At that time, Iovine denied rumours he was set to leave in August.

Speaking to Variety at the time, Iovine reflected on his achievements, and emphasised his on-going commitment to the Calfornian-based brand:

“I am almost 65, have been with Apple for four years and in 2 1/2 years the [Apple Music] service has gotten to well over 30 million subscribers and Beats has continued its successful run”

“But there’s still a lot more we’d like to do. I am committed to doing whatever Eddy [Cue], Tim [Cook] and Apple need me to do, to help wherever and however I can, to take this all the way. I am in the band.”

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