Apple Inc (AAPL), Warren Buffett and Bitcoin: Marc Andreessen on CNBC


Andrew Ross Sorkin was reporting on a recent interview with Marc Andreessen, co-founder of Andreessen Horowitz about the recent Beats deal and here is what Andreessen feels about Apple Inc. (NASDAQ:AAPL)’s Beats deal:

“I think well, I mean early signs are very positive which is first, the word of mouth coming from inside the company is pretty strong, which is usually a pretty good sign. “

He said that though the announcements at the WWDC 2014 were majorly software, but they were very impressive announcements. He also stated that it was funny that both Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) are winning in the market. While Apple is doing phenomenally well in the high end Smartphone market and the iPhone priced at $600 is selling very fast and Google’s Android is a huge success too.

Apple Inc, WWDC 2014, stable stock, Andreessen


When asked about his recent appearance on CNBC and his opinion about then rumored Beats deal being a bargain, Andreessen said

“We think about this stuff in terms of Market size. So think about the number of people today who have an iPhone or an iPad or a Mac and think about the number of people that are going to have those things in 10 years.”

He believed that music and sound and very key components of Apple Ecosystem and people’s lives; with this deal the customers would get the best technology in sound with the best phone in the world. The thought of having a beats headset with every Apple Inc. (NASDAQ:AAPL) products that ships out simply makes this deal sound very good. This deal would increase the attach rate and would upsell the products as people love Beats technology.

When asked if he feels Bitcoin is really worth investing, Andreessen said that he really feels that Bitcoin is worth investing. He feels that it’s a technology and independent of the currencies. When asked if he considers that Warren Buffet is wrong on stating not to invest in Bitcoin, Andreessen stated:

“Absolutely, I think if he took time to study it, he will easily be able to represent around it.”

Disclosure: none

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