> “The Company plans to adopt the new revenue standards in its first quarter of 2019 utilizing the full retrospective adoption method,”
It won't have much of an impact as the deferred revenue is accounted for and is not the full price of the phone, but the value of future software updates ($25):
> For all periods presented, the Company’s estimated selling price for the software upgrade right included with each iPhone and Apple TV sold is $25 and $10, respectively.
https://www.marketwatch.com/story/apple-changes-tune-on-new-...
> “The Company plans to adopt the new revenue standards in its first quarter of 2019 utilizing the full retrospective adoption method,”
It won't have much of an impact as the deferred revenue is accounted for and is not the full price of the phone, but the value of future software updates ($25):
https://www.sec.gov/Archives/edgar/data/320193/0001193125100...
> For all periods presented, the Company’s estimated selling price for the software upgrade right included with each iPhone and Apple TV sold is $25 and $10, respectively.