recently gave up majority ownership of Beats after which speculation rose that HTC would stop offering Beats Audio technology on future handsets. HTC denied that the rumor was true and said that it was committed to producing its phones with Beats Audio technology on board. Besides trying to compete with the Apple iPhone, Beats is also said to be developing an iTunes competitor that for now has the name "Daisy," that will offer a subscription based streaming music service.
The idea is to combine a Beats smartphone with a Beats television and "Daisy" to offer a similar experience to what Apple offers with Apple TV, its mobile devices and iTunes. And unlike the partnership wih HTC, Beats will be in total control of product design and pricing. So far, there is no word on when we might see the launch of the Beats smartphone, television or the "Daisy" music service.