At a recent press conference in NYC, Interscope’s head honcho explains how Beats by Dr. Dre came to fruition.

“The whole headphones thing came to life on its own. Dre and I were out in Malibu, I know some of you think Dre lives in the hood, but he has a house in Malibu,” said Iovine . “Anyway, we’re on his terrace in Malibu, and he says, ‘My lawyers want me to sell sneakers.’ I look at him and I say, ‘Fuck sneakers. Nobody cares what kind of sneakers you wear, but they would care about the speakers you use.’ And speakers turned into headphones.”

Well, that makes sense cents.

Props: Woooha