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It was depressing reading Horace Dediu’s analysis of Apple’s accounting practices in the year or two after the iPhone’s release, knowing that Apple stock was si
by macintux 3y ago
It was depressing reading Horace Dediu’s analysis of Apple’s accounting practices in the year or two after the iPhone’s release, knowing that Apple stock was significantly undervalued, and not having the means to take advantage of it.
- acdha 3y agoI put in one market order on 9/10. It wasn’t processed until after the market reopened but went in at like $17/share. I remember thinking I should buy more but 9/11 and the dotcom crater made me decide to save my cash.
- rhaway84773 3y agoOh man, so much this. I made a college roommate so much money by telling him to put all the money his parents gave him in Apple stock after the iPhone was released. He didn’t agree (he was also a massive anti-Apple pro PC guy…he owned a Zune) until I explained Apple’s subscription accounting and what it actually meant. I still don’t understand why investors didn’t understand Apple’s subscription accounting and how it meant that their quarterly iPhone profits were something like 1/16th their actual iPhone profits.