FASB approves accounting change, Apple announces intentions to take over world

[ztirffritz]

The FASB has announced that the accounting rule requiring Apple to spread revenue for the iPhone over 2 years has been changed to allow them to realize revenue in the same period as the initial sale.

http://www.nasdaq.com/aspx/stock-market-...line000486&title=fasb-oks-change-allowing-companies-to-speed-up-some-revenues

Apple Inc. (AAPL) is expected to be one of the major beneficiaries of the change, since it would dramatically change how the company reports revenues from its iPhone. Currently, Apple recognizes iPhone revenue over a two-year period, and said recently that overall revenues and earnings in its latest quarter would have been much higher if it didn't have to defer revenues for the iPhone and its Apple TV product. An Apple spokesman couldn't immediately be reached for comment. wrote:

[Jimmypoo]

CHECK IT OUT!!!


FIRMLY in the number 6 position behind Exxon, WalWorld, M$, J&J and JPMorgan.

http://www.wolframalpha.com/input/?i=IBM...JnJ+AT%26T

[abevilac]

damn and the stock was at what $75 last year. I thought about buying it then, but then I dunno I decided to send my daughter to college.

[ztirffritz]

If it makes it to $200 I'll have the first 2 years of college paid off for my kid.

[tronnei]

abevilac wrote:
damn and the stock was at what $75 last year.

$78.20 on January 20, 2009--eight months ago.

[stephen]

Man. I wonder if I shouldn't sell SOME of it now.

[Rick-o]

abevilac wrote:
damn and the stock was at what $75 last year. I thought about buying it then, but then I dunno I decided to send my daughter to college.

Hey, I tried to tell you folks to buy last January! :drink:

http://forums.macresource.com/read.php?1...msg-652175

[Paul F.]

God I wish I'd bought more than 4 shares at $80-something....

Well THIS time at $80-something...