Oh 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 relea

Oh 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.