Wednesday, October 22, 2008

Why the iPhone is now Apple's most important product | Apple - CNET News

See the full article for more of the accounting details

The iPhone now accounts for 39 percent of Apple's business, having generated $4.6 billion in revenue on sales of 6.9 million units during the quarter. (Apple TV revenue is lumped in with that number, but let's be real: iPhone sales account for the vast, vast majority of that figure.) Those numbers, however, are not included as part of Apple's official quarterly results because of the way the company chooses to account for the sale of each iPhone; Apple reported just $806 million in iPhone and Apple TV revenue for its fourth quarter in accordance with GAAP (generally accepted accounting principles).

Why the iPhone is now Apple's most important product Apple - CNET News

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