Apple's accounting makes GAAP numbers worthless

re: Apple's accounting makes GAAP numbers worthless

Wa — Tue, 01 Sep 2009 23:02:51 GMT

Apple does recognizes the income this so that they may provide updates of the iPhone OS free of charge. It also helps evens out their growth. Any other way would have shown explosive growth in an unreasonable manner for calculating future P/E growth. This conservative way makes the growth impressive but not crazy!

re: Apple's accounting makes GAAP numbers worthless

Dan — Thu, 30 Oct 2008 04:05:26 GMT

AAPL has made this accounting procedure CRYSTAL CLEAR since before the first Q they reported iPhone sales. CRYSTAL CLEAR. If investors are too foolish to figure this out, they shouldn't be investing in the company. Me, I'll buy when the price is $45 and they have $45/share in cash in the bank. Keep downgrading and selling, boys. Come to papa.....

re: Apple's accounting makes GAAP numbers worthless

AJ — Wed, 29 Oct 2008 02:53:08 GMT

maybe we should get back to worldcom! about time some sanity in recording profits.

re: Apple's accounting makes GAAP numbers worthless

Mark Alfson — Fri, 24 Oct 2008 16:44:33 GMT

I don't get it either. Apple sold the phones. Period. It is the carrier, AT&T, who recognizes the revenue stream over time.

It's dumb and misleading. But I imagine the well-paid accountants at Apple have a reason for it. The real issue of the above article should be the question "Why? Why is Apple doing this?"