Some sites have been picking up on a recent Wall Street Journal article(paid subscription required) that quoted prominent accountants disregarding Apple's stated reasons for charging $1.99 for enabling 802.11n capability on Core 2 Duo based Macs and the Mac Pro.
A statement from Apple had previously blamed the charge on "generally accepted accounting principles", or GAAP. However, the Journal's interviewees do not agree.
"GAAP doesn't require you to charge squat," says Lynn Turner, managing director of research at Glass Lewis & Co. and a former chief accountant of the Securities and Exchange Commission. "You charge whatever you want. GAAP doesn't even remotely address whether or not you charge for a significant functionality change. GAAP establishes what the proper accounting is, based on what you did or didn't charge for it."
[...]
Still, Apple's language surprised officials who oversee accounting rules. "Accounting doesn't require any charge for anything," says Edward Trott, a member of the Financial Accounting Standards Board, which writes the accounting rules. "No, GAAP doesn't tell you to do anything. You need to work out your transaction with your customer, and GAAP will tell you how to reflect your transaction with that customer."
The reaction from the Mac community appears to be mixed since the formal announcement from Apple. While many were happy to see the final price drop more than half from its previously rumored $4.99 pricetag, many others were frustrated at having to pay anything for hardware capability already in their systems.
If you have an iPhone 15 and drive a BMW, it might be best to avoid charging the device with the vehicle's wireless charging pad for now. Over the past week, some BMW owners have complained that their iPhone 15's NFC chip no longer works after charging the device with their vehicle's wireless charging pad, according to comments shared on the MacRumors Forums and X, formerly known as Twitter. ...
All first-generation Apple Watch models released in 2015 were added to Apple's obsolete products list on September 30, according to an internal memo obtained by MacRumors. As a result, these outdated "Series 0" watches are no longer eligible for repairs or other service at Apple Stores and Apple Authorized Service Provider locations. The list of obsolete models includes the first-generation...
Tuesday October 3, 2023 3:57 pm PDT by Juli Clover
Apple today released the second beta of an upcoming iOS 17.1 update, and the software further refines some of the new features that were added both in iOS 17 and the initial iOS 17.1 beta. This guide covers everything new in the second iOS 17.1 beta. StandBy Display Options Apple added a new "Display" section to the StandBy section of the Settings app, which houses some new customization ...
Tuesday October 3, 2023 11:42 am PDT by Joe Rossignol
Three days after Apple said that it would release a software update with a fix for a bug contributing to the iPhone 15 Pro and iPhone 15 Pro Max overheating, MacRumors can confirm that Apple is now internally testing iOS 17.0.3. It's unclear when iOS 17.0.3 will be released to the public, but the update will likely be available either later this week or next week. Apple did not provide...
Apple may be proceeding with plans to release a new Mac model this month, according to potentially related information obtained by MacRumors. Details pertaining to imminent changes to Mac trade-ins provided to MacRumors by a verified source suggest that Apple will likely begin accepting new models for trade-in this month. Similar changes in June coincided with WWDC, when Apple began accepting...
Wednesday October 4, 2023 10:03 am PDT by Juli Clover
Apple today released an iOS 17.0.3 update for the iPhone, with the software coming a week after the launch of iOS 17.0.2. Apple has also released a new version of iPadOS, 17.0.3, for iPad users. The iOS 17.0.3 and iPadOS 17.0.3 updates can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. iOS 17.0.3, which is build 21A360, addresses ...
Saturday September 30, 2023 9:28 am PDT by Joe Rossignol
Apple plans to release an iOS 17 update to address a bug that may contribute to the reported iPhone 15 Pro and iPhone 15 Pro Max overheating issue, according to a statement the company shared today with MacRumors and Forbes reporter David Phelan. Apple also says some recent updates to third-party apps have overloaded the system and contributed to the overheating issue. The report notes that...
Friday September 29, 2023 11:29 am PDT by Joe Rossignol
At WWDC 2022 last year, Apple previewed the next generation of CarPlay, promising deeper integration with vehicle functions like A/C and FM radio, support for multiple displays across the dashboard, personalization options, and more. Apple said the first vehicles with support for the next-generation CarPlay experience would be announced in late 2023, but it has still not shared any additional...
Tuesday October 3, 2023 1:27 pm PDT by Juli Clover
The United States Federal Emergency Management Agency (FEMA) and the Federal Communications Commission (FCC) are conducting a test of the U.S. emergency alert systems on Wednesday, October 4. Emergency text messages will be set out to cell phones across the United States. The Wireless Emergency Alert test will begin at 2:20 p.m. Eastern Time/11:20 a.m. Pacific Time today, and iPhone owners...