As for Iovine, he says he's not done at Apple - at least not for now. 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", Iovine said. It is believed his departure is timed to his Apple shares fully vesting, sources tell Billboard. "I love Apple, and I really love musicians".
Recent reports have suggested that Iovine would be leaving Apple in August 2018 after his contract ends. Since then, his Apple stock has slowly vested in stages, with the last portion due in August. That's why those articles annoyed me, because it had nothing to do with reality.
Iovine, if you recall, joined the Cupertino-based company in mid-2014 alongside music producer and rapper Dr. Dre as part of its $3 billion acquisition of Beats Electronics. "It made it out to be all about money".
The industry veteran also cautioned against complacency, even as streaming is driving a music industry turnaround: "Everybody's talking about the great oil gusher, but it's not going to scaleunless streaming gets more interesting".
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