iPhone News Updated

New iPhone accounting rule approved

Don your party hats and break out the noisemakers, for the recent proposed subscription accounting change has been given a gold star by the Financial Accounting Standards Board, who voted to approve the new rule by a unanimous vote of five to zero. (Followed by cake and refreshments, we hear.)

Now the nuts and bolts: if you recall, the change particularly affects Apple’s key Apple TV product. Oh, and also a small, unimportant niche device called the iPhone—probably something you’ve never heard of. Previously, accounting regulations required Apple to recognize revenue from the iPhone and Apple TV over the length of their two-year product lifetimes, since the company had promised to roll out new features via software updates. The new rules allow Apple to adjust the percentage realized at sale to a more accurate level. The change could also mean an end to charges for iPod touch software updates, though Apple hasn’t spoken specifically on that yet.
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AT&T bracing for network traffic surge with iPhone MMS

With AT&T slated to finally introduce multimedia messaging services for Apple’s iPhone on Friday, insiders suggest the operator is battling anxiety over the launch’s anticipated impact on its network traffic, and is presently beefing up its infrastructure to handle the expected strain.

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