It's official!

[Chad Leigh -- ObjectWerks Inc]

On Jun 1, 2007, at 8:03 PM, Shawn Erickson wrote:

>
> On Jun 1, 2007, at 5:31 PM, Chad Leigh -- ObjectWerks Inc wrote:
>
>>
>> On Jun 1, 2007, at 5:04 PM, Shawn Erickson wrote:
>>
>>> On 6/1/07, Chad Leigh <chad at objectwerks.com> wrote:
>>>>
>>>> On Jun 1, 2007, at 8:59 AM, Shawn Erickson wrote:
>>>>
>>>> > Now if you look at Apple's financials and talk in those terms  
>>>> Apple is
>>>> > primarily a hardware company and likely will remain that way  
>>>> for the
>>>> > foreseeable future.
>>>>
>>>> Not really.
>>>
>>> The financials say nothing about why people are buying things. They
>>> just state that a majority of what Apple brings in revenue wise is
>>> from the hardware that they sell... that is how it is booked... that
>>> is all I was stating with that sentence.
>>
>> Sure, but accounting rules do not define the company.
>
> ...and didn't say that.

Kind of did...  You stressed what the financials said. The financials  
are written according to accounting rules.  If the rules were not  
written the way they were, you might see more revenue booked for the  
OS since that is where a lot of the R&D and Engineering funds go and  
less against the HW

IANACPA

Chad