Apple Benefits from New Accounting Math

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Policy Counsel
Senior Director of Federal Policy and the Washington Office

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We empower consumers through education and action about communication and media issues involving telephone, cable, Internet and wireless services and equipment.

The FASB (Financial Accounting Standards Board) unanimously approved an accounting rule change which will benefit companies that currently report tech gadget sales on a subscription basis. Apple in particular will ‘profit’ from the new fuzzy math.