http://www.casetutors.com/2735/Accounting-forthe-iPhone-at-Apple-Inc.html Accounting for the iPhone at Apple Inc Case ID - 111003 Abstract Solution ID - 2735 1277 Words Apple Inc bundled the cost of future software upgrade in the price of iphone. This led to a grave problem as Apple had to follow the subscription method of accounting by recognizing only a portion of overall revenue. This situation adversely affected the financial performance of Apple as investors were expecting high EPS. Partially
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Accounting for the iPhone at Apple‚ Inc. (HBS 9-111-003) 1. Exhibit 3 provides the journal entries under subscription accounting. Refer to the example in Exhibit 3. a) Complete the following FSET assuming the Apple follows subscription accounting to account for iPhone’s sales revenue (separately for the transaction in Quarter 1 and in Quarters 2 to 8). Balance Sheet Income Statement Transaction Cash Asset + Noncash Assets - = Liabilities + Contrib. Capital + Earned Capital Revenues
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methods because under the non-GAAP accounting method apple gave the revenue numbers without the use of subscription accounting‚ which recognized the revenue at the point of sale. Moreover the non-GAAP numbers did not adjust the estimated costs associated with its plan to provide new features and software upgrades to iPhone buyers free of charge and these figures were not prepared under a comprehensive set of rules or principles. Whereas in subscription accounting the cash received was reported at
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The Iphone Functions As A Camera Phone Marketing Essay ukessays.com /essays/marketing/the-iphone-functions-as-a-camera-phone-marketing-essay.php Apple Inc designs‚ manufactures‚ and markets personal computers‚ mobile communication devices‚ and portable digital music and video players and sells a variety of related software‚ services‚ peripherals‚ and networking solutions. Apple’s products and services include the Mac line of desktop and portable computers‚ iPhone‚ the iPod line of portable
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This report will undertake an analysis of one of the most famous household gadgets‚ the iPhone. Through use of economic theory and analysis we will assess the mobile phone market and make predictions as to future prospects of the product. IPhone was first introduced by Apple’s CEO‚ Steve Jobs in 2007. The first generation iPhone took the world by storm in 2007 as it was the first smartphone in the world. With its sleek glass multi-touch touch screen display‚ boasting internet services‚ music player
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Southeast University & also from the group named “Fresco”. We are really happy to have such a presentation of challenging and interesting like this presentation & also thanks to you for making us worthy for corporate. Our topic is “Marketing Plan for iPhone”. We have learned many things from this topic which will help us in future. There were some obstacles we have faced at the time of collecting data about our topic. But we have overcome all the obstacles by the endeavour effort by each member of our
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MARKETING MIX FOR THE IPHONE Cynthia Anderson AIU Online ABSTRACT The IPhone is an amazing gadget made by Apple. When you get an IPhone you will not want to use any other phone. It is a phone‚ computer‚ and MP3 player all wrapped up in one little small package. Steve Jobs believed that cell phones were going become important devices for portable information. The original IPhone came out in January 9‚ 2007. Steve Jobs presented one of the most incredible presentations of his life‚ “a life
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Gambhir Shrestha English 96 June 17 2013 Age of Smart phone: iPhone Popular Culture is intimately connected with education‚ mass communication‚ production and a society’s ability to access knowledge. There are lots of popular cultures but the most in trend and the most with the high need is cell phone which has to be smart phone. It has been now 40 years since the first cell phone was used. In 1973 Martin Cooper of Motorola used a first wireless cell phone to make a call walking down street
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The Benefits of an IPhone Over the years technology keeps improving more and more people are using it in their everyday life. Though some are addicted to it‚ others hardly using it ‚ but we all have used it at least once. Scientist are continually developing new useful products in which helps us in our lives. In history there has been many different inventions some better than others but one of the most recent inventions is the IPhone ‚the newest cellular device in the market. Not only does
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Shan Gao Bus 10 One thing that I own and I love it is my Iphone. I love my Iphone because it is not just a phone it is a mini computer that I can carry and use it everywhere I go. The phone can check my emails‚ go to the webs‚ check the weathers and everything that you do with your regular computer. The quality of my phone is awesome‚ since I dropped my phone few times and it still works like new. I had a 3G before and now I have a 4G‚ I used the 3G one for two years and it still works
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