At least we get to put the health care debate on hold for 48 hours while the big guys (not Bush) tackle the world's problems.
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The accounting change (which determines when Apple can recognize revenue on iPhones and Apple TV) that I wrote about on Sept. 17 was approved last night.
According to Morgan Stanley, Apple's CY2010 revenue and earnings estimates go up by 11% and 21% respectively. As I wrote in the earlier post, in an efficient market this would not move the stock. I might be giving the market too much credit.
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