<text>  According to estimates from some headphone experts, it might cost more to get your haircut than it does to make a pair of Dre Beats headphones. The company was sold to Apple in May of 2014 during a record-setting deal that included about 2.6billion in cash and approximately 400million in stock. Company founders Dr Dre - aka Andre Young - and Jimmy Iovine are now Apple employees. Scroll down for video . Some experts have estimated that it costs at little as 14 to make a pair of Beats by Dre headphones pictured The least expensive pair of Beats by Dre headphones listed on the companys website costs 199.99 . The company grew to become worth 3.2billion after celebrates like Lil Wayne began repping the Beats brand . Headphone designers estimate the cost of making a fancy headset is as low as 14, the New York Times reported. The least expensive pair of Beats headphones that is listed on the companys website costs 199.99 and the most expensive pair retails for 699.99. Dre and Iovine created the company in the mid-2000s. Beats grew to become worth 3.2billion after cornering 57 per cent of the market for premium headphones, CNN reported. Overall, the company controlled 27 per cent of the 1.8billion headphone market in 2014. During an audio test of 18 of the top-selling headphone brands, TIME Magazine ranked Beats as the second-to-worst entry in terms of sound quality . 