Boring thread, ludicrously intellectually dishonest comments, etc.
There is no such a claim in the article you quoted...
OK well it was there when I posted this. But wire stories from the likes of AP, Reuters etc do sometimes get changed. Besides if I wanted to be dishonest I would have reported a number a lot lower tha. 6.5m. :lol|
anantksundaram is a little too naive to think that number/financial reporting is the holy grail of all truths in the world of business. It is far from it. Many of these US companies/US listed companies were thought to be "telling the truth" until they got caught cooking their books. We can name Enron, CA, JP Morgan, Oracle, IBM, Nortel, Worldcom, Chevron, Tyco, AIG, Freddie Mac, Lehman Brothers, GM and the list goes on and on. Many of these companies had gone kaput while others are still doing business even now. The ones still existing, for example, got away because the SEC penalized them with the amount so ludicrously small, what amounted as nothing more than a slap on the wrist.
Apple is also currently "cooking" their book too by actually not paying the taxes they actually owe to the Fed because so much of its money was being stockpiled overseas. One of the calculations even accused of Apple only paying half as much taxes as it should have. Unfortunately, Apple is far from the only US companies doing this "magic trick". So, whether the numbers actually represent product being shipped or being sold, it doesn't matter because eventually the truth will come out anyway. The problem is, with bigger companies, they can actually hide "hiring the cooks" in their financial kitchen for a long long time before their house-of-cards finances collapse and bringing down all their investors and shareholders with them.
Methink, everyone should be cynical and critical about financial reportings made by any companies under the sun. Notwithstanding, The numbers release by the likes of Apple, Google, Samsung, Facebook, Microsoft, Pfizer, Exxon Mobil or even any mom and pop's tiny business ventures. They all lie with their numbers for their own benefit. Do you think you know so much about the company you idolize or own the shares of? Think again. YOU actually will have to put so much of your faith and confidence at the hand of the very people who make a living playing with numbers and selling their confidence to people like you. It's a con game v.13.7.
Quote:
Originally Posted by cameronj
What makes you think that the USA is the only country where a company must tell the truth when reporting its financial results?
couldnt agree more. most people of that demography dont even really know much about phones, they see it as a fad. there is nothing wrong with that though, but its simple and it looks nice and its a phone that can apeal to young or old. because lets face it android is way more sophisticated than ios.that is what i like about apple. SIMPLE
Comments
anantksundaram is a little too naive to think that number/financial reporting is the holy grail of all truths in the world of business. It is far from it. Many of these US companies/US listed companies were thought to be "telling the truth" until they got caught cooking their books. We can name Enron, CA, JP Morgan, Oracle, IBM, Nortel, Worldcom, Chevron, Tyco, AIG, Freddie Mac, Lehman Brothers, GM and the list goes on and on. Many of these companies had gone kaput while others are still doing business even now. The ones still existing, for example, got away because the SEC penalized them with the amount so ludicrously small, what amounted as nothing more than a slap on the wrist.
Apple is also currently "cooking" their book too by actually not paying the taxes they actually owe to the Fed because so much of its money was being stockpiled overseas. One of the calculations even accused of Apple only paying half as much taxes as it should have. Unfortunately, Apple is far from the only US companies doing this "magic trick". So, whether the numbers actually represent product being shipped or being sold, it doesn't matter because eventually the truth will come out anyway. The problem is, with bigger companies, they can actually hide "hiring the cooks" in their financial kitchen for a long long time before their house-of-cards finances collapse and bringing down all their investors and shareholders with them.
Methink, everyone should be cynical and critical about financial reportings made by any companies under the sun. Notwithstanding, The numbers release by the likes of Apple, Google, Samsung, Facebook, Microsoft, Pfizer, Exxon Mobil or even any mom and pop's tiny business ventures. They all lie with their numbers for their own benefit. Do you think you know so much about the company you idolize or own the shares of? Think again. YOU actually will have to put so much of your faith and confidence at the hand of the very people who make a living playing with numbers and selling their confidence to people like you. It's a con game v.13.7.
Quote:
Originally Posted by cameronj
What makes you think that the USA is the only country where a company must tell the truth when reporting its financial results?
couldnt agree more. most people of that demography dont even really know much about phones, they see it as a fad. there is nothing wrong with that though, but its simple and it looks nice and its a phone that can apeal to young or old. because lets face it android is way more sophisticated than ios.that is what i like about apple. SIMPLE