Apple has confirmed recent reports that it will be cutting jobs, but denies that as many as 200 staff will be let go, according to sources.

Speaking to Billboard, Apple spokesman Tom Neumayr said: “"We're excited to have the Beats team join Apple, and we have extended job offers to every Beats employee.

“Because of some overlap in our operations, some offers are for a limited period and we’ll work hard during this time to find as many of ...