Technology

For the scrapbook: Apple's last 10-K with unit sales

No info inside (that I could find) about the new reporting regime. More promised in a separate schedule.

 

CFO Luca Maestri last week (from Seeking Alpha’s transcript):

After we file our 10-K, we will post a schedule to our Investor Relations website showing the reclassification of fiscal 2018 revenue from products to services in connection with the adoption of the new standard. The size of this reclassification amounts to less than 1% of total company revenue. And for clarity, this reclassification was not contemplated in our previously stated goal of doubling our fiscal 2016 services revenue by 2020. That goal remains unchanged and excludes the revenue that is now shifting from products to services over that timeframe.

Third, starting with the December quarter, we will no longer be providing unit sales data for iPhone, iPad and Mac. As we have stated many times, our objective is to make great products and services that enrich people’s lives, and to provide an unparalleled customer experience so that our users are highly satisfied, loyal and engaged…

Fourth, starting with the December quarter, we will be renaming the other products category to wearables, home, and accessories to provide a more accurate description of the items that are included in this product category.

Here’s a link to the 10-K PDF.

My take: The end of an era. I’m still scratching my head, wondering what’s next.

See also:

 

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