They might care but I doubt they have any legal right to the word "studio". Lots of software has Studio in the name, many of which were released before VS.
> Apple Records didn't have a problem with Apple Computer until Apple Computer started selling music.
Untrue!
> In 1978, Apple Corps, the Beatles-founded holding company and owner of their record label, Apple Records, filed a lawsuit against Apple Computer for trademark infringement. The suit was settled in 1981 with an undisclosed amount being paid to Apple Corps. This amount was estimated to be US$50–250 million, but was later revealed to be $80,000. As a condition of the settlement, Apple Computer agreed not to enter the music business, and Apple Corps agreed not to enter the computer business.
Do any of those actually predate Visual Studio (i.e. 1997)? (Not suggesting Microsoft owns the word "Studio" but you're not actually answering the question.)
When Microsoft starting referring to its developer suite as Visual Studio it was using Studio as a catchall for all the development tools it had branded as "Visual" (starting with "Visual Basic" in the early 90s).