Daring Fireball: Oh Joe You Didn’t »

A solid takedown of a laughable post.

One thing to add: Apple will begin using the new accounting rules sometime in the next year. They noted during the last earnings call that they weren’t using it yet (obviously) but would sometime before Q1 2011 I believe. That should stop this type of confusion.

And yes, Apple’s stock will probably jump when they do make this change, but then it should settle down when everyone realizes that nothing is really different other than the way the numbers are being reported.