FASB accounting change helps techs, like Apple & Palm

REUTERS:

UPDATE 2-U.S. accounting change might help tech companies

Good news for Apple and Palm: rule change will allow the companies to record more revenue when certain products are sold. To date, Apple divided iPhone revenue over 8 quarters under subscription accounting. It will now be able to report all iPhone and Apple TV in the quarter the devices are sold.

See also SILICON ALLEY INSIDER:

iPhone Accounting Rule Change Unanimously Approved (AAPL)

For discussion on how this affects Apple share price.

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