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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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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Marketing Strategy Case Study IPhone: 1. On June 29‚ 2007‚ Apple Inc. (Apple) launched its mobile phone‚ branded as the ’iPhone‚’ in the US‚ marking its entry into the highly competitive mobile phone market. The telecom industry had been agog about this new mobile phone‚ ever since Apple made an announcement in this regard in January 2007. Some of Apple’s fans who had been waiting for ’iDay‚’ as the launch date of the iPhone was called‚ formed queues outside the Apple’s stores to buy it
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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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Iphones‚ Ipad‚ Ihome‚ Islave four words and two separate worlds. As the need for more and more advanced apple products the harder the slaves at Apple have to work. In workers‚ I mean in the factories that are inhumane to extreme measures. In the last eleven years the unit sales of Iphones have gone up dramatically. In 2007‚ 1.39 million Iphones were sold. In 2017‚ 216 million units were sold. The demand of Iphones went up and the workers have to pay with their lives. Some workers even think that
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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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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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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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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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Apple iphone case study 1 Apple ’s iPhone Launch: A Case Study in Effective Marketing Kyle Mickalowski‚ Augustana CollegeMark Mickelson‚ Augustana CollegeJaciel Keltgen‚ Augustana CollegeABSTRACT When CEO Steve Jobs announced in January 2007 that Apple would be releasing a revolutionaryiPhone five months hence‚ consumers waited with bated breath for a phone that would deliver all the features of their iPods as well as a smart phone. Anticipation grew‚ just as Jobs knew it would‚ as Juneapproached
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