Apple Investors Catch Religion?

http://www.cnbc.com/id/32880029

Summary

With the outbreak of the recession, the stock market has improved.Even though the money has been tight in some cases, Apple company has made a soaring raise in the stock market. Climbing the 52 week high in the morning. The mac sales surpassed estimates for the September quarter, with a seven percent year-over-year increase. Analysts predict that something closer to five percent would translate into at least 2.8 million Mac computers being sold around the world. The invention Apple has made like,Ipods,Iphones,Mac's and downloads from the App store.This is why Apple is expanding and continues to attract new customers. Apple would not have gotten to this glory day,where everyone knows where and what Apple's creation are .That is why investors in Apple would continue to support the company financially.

Connections

In this article, despite what other people think and put theories as to how it is really weak but there are some temporary factors. in the first chapter, the textbook talk about Financial Accounting Standards Board (FASB) which sets accounting standards for American corporations;there are currently numerous groups involved in the process of trying to devise international accounting standards. The article reports FASB rule change is certainly meaningful when it passes. Even if FASB allows more litheness, but rest guaranteed that a change will come?

Reflection

After reading this article, I think if the Financial Accounting Standards Board (FASB) rule is truly significant and it will have great outcomes if it comes to pass. If FASB allows more flexibility to implement any changes in its accounting then it will assure a change will come.