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1. Comment - Apple was NOT more profitable selling cell phones than Nokia in Q3

   (Nov 17, 2009 - 3:43 PM)

   There's a reason why the GAAP rules have changed. Forcing companies to defer that revenue does not accurately reflect the profitability of the products or the state of the company's financial situation. In other words, this article intentionally obfuscates the matter using accounting that has been explicitly called into question as inaccurate in order to make its point. Yes, Apple is going to take a little bit of time to switch accounting-- it's a big deal to make that kind of change in a huge company. But to imply that Apple earned less profit last quarter than Nokia is just trying to split hairs. Yes, if you use out-dated GAAP accounting rules and ignore the real money flow, Apple was forced to report to the SEC that its quarterly profits were lower. But they ACTUALLY made more profit than Nokia, which is what the original report was trying to point out (if Apple's SEC report had said it, there would have bee no NEED for a separate report!) and why GAAP rules were changed.
   
   In short, the money collected for iPhones minus the cost of development and manufacture is more for Apple than for Nokia. Which, regardless of the old GAAP rules that minimize the impact on this quarter's results, is a pretty stunning accomplishment for a company that's been in the cell phone business only a few years.

2. Comment - Apple was NOT more profitable selling cell phones than Nokia in Q3

   (Nov 16, 2009 - 1:27 PM)

   This discussion is moot. GAAP rules were just changed to allow Apple to account for all the iPhone money up front, so sometime soon the iPhone's true profitability will be able to be accounted for as simplistic analyses like Joe's expect. To wit, the money received under the "subscription" model is money in the bank, not subject to any risk, and simply doled out over time. It's profit that Apple has locked in but not granted themselves yet. So Apple is definitely making more profit from ongoing sales of its phones than Nokia, but it's deferring the profit. That's very different from not being as profitable.
   
   Since many analysts take a simplistic view like Joe, though, I would expect a jump in stock price now that the GAAP rules have changed and Apple will soon be eliminating the subscription accounting.

3. Comment - Mac OS X 10.4.5 for Intel Cracked

   (Feb 26, 2006 - 11:30 PM)

   Actually, if you look at his instructions, his 10.4.5 patch just includes the entire kernel from 10.4.4 and installs that instead. So this isn't really a full 10.4.5 version of MacOS X, just the high-level 10.4.5 stuff. The kernel will have none of the updates regarding power saving, Intel fixes, etc.
   
   I've never tried any of his hacks, but it looks like he's quickly falling behind the curve here anyway.