On October 6, 1997, in response to the question of what he’d do if he was in charge of Apple, Dell founder and CEO Michael Dell stood before a crowd of several thousand IT executives and answered flippantly, “What would I do? I’d shut it down and give the money back to the shareholders.”
A little more than a month later, on November 10, 1997, new Apple Interim CEO (iCEO) Steve Jobs responded, speaking in front of an image of Michael Dell’s bulls-eye covered face, “We’re coming after you, you’re in our sights.”
On January 13, 2006, after a little more than eight years of hard work, Apple Inc. passed Dell, Inc. in market value, $72.13 billion vs. $71.97 billion at market close, respectively.
• 2X: On July 27, 2007, Apple’s value doubled that of Dell’s, $127.81 billion vs. $63.65 billion, respectively.
• 3X: On December 6, 2007, Apple’s market value passed 3 times that of Dell’s, $165.66 billion vs. $54.42 billion, respectively.
• 4X: On May 01, 2008, Apple’s market value quadrupled that of Dell’s, $158.66 billion vs. $38.97 billion, respectively.
• 5X: On February 12, 2009, Apple rose $2.60 to hit a market value of $88.37 billion or 5 times that of Dell’s $17.52 billion.
• 6X: On October 20, 2009, Apple rose $11.21 to $201.07 to hit a market value of $180.12 billion or more than 6 times that of Dell’s $29.97 billion.
• 7X: On January 26, 2010, Apple gained $7.57 to $210.64 to hit a market value of $189.72 billion or more than 7 times that of Dell’s current $27.03 billion.
• 8X: On May 21, 2010, Apple gained $1.95 to $239.74 to hit a market value of $218.12 billion or more than 8 times that of Dell’s current $25.84 billion.
• 9X: On June 1, 2010, Apple gained $6.89 to $263.77 to hit a market value of $240.01 billion or more than 9 times that of Dell’s current $26.29 billion.
• 10X: On September 9, 2010, Apple gained $1.60 to $265.37 to hit a market value of $242.43 billion or more than 10 times that of Dell’s current $24.21 billion.
• 11X: On September 23, 2010, Apple rose $3.79, or 1.32%, to $291.54 to hit a market value of $266.34 billion or more than 11 times that of Dell’s current $23.81 billion.
• 12X: On January 27, 2011, Apple rose $0.26, or 0.08%, to $344.11 to hit a market value of $317.02 billion or more than 12 times that of Dell’s current $26.02 billion.
• 13X: On August 26, 2011, Apple rose $9.86, or 2.64%, to $383.58 to hit a market value of $355.61 billion or more than 13 times that of Dell’s current $27.29 billion.
• 14X: On September 20, 2011, Apple rose $1.82, or 0.44%, to $413.45 to hit a market value of $383.31 billion or more than 14 times that of Dell’s current $27.15 billion.
• 15X: On February 15, 2012, Apple rose $14.03, or 2.75%, to $523.49 to hit a market value of $486.78 billion or more than 15 times that of Dell’s current $32.37 billion.
• 16X: On february 29, 2012, Apple rose $8.43, or 1.575%, to $543.84 to hit a market value of $505.75 billion or more than 16 times that of Dell’s current $31.35 billion.
• 17X: On March 12, 2012, Apple rose $3.27, or 0.60%, to $548.44 to hit a market value of $512.33 billion or more than 17 times that of Dell’s current $29.94 billion.
• 18X: On March 19, 2012, Apple rose $9.94, or 1.70%, to $595.51 to hit a market value of $553.29 billion or more than 18 times that of Dell’s current $30.61 billion.
• 19X: Today, March 26, 2012, Apple rose $10.93, or 1.83%, to $606.98 to hit a market value of $565.93 billion or more than 19 times that of Dell’s current $29.43 billion.
Apple is also a debt-free company and currently has well over three times in cash on-hand (now over $100 billion) than Dell Inc. is worth.
Hello, Mikey? Miiikeeey? Got any snappy retorts today?
See AAPL and DELL quotes via NASDAQ here.
[Thanks to MacDailyNews Reader “Robert Gasiorowski” for the heads up.]
Related articles:
Apple now worth eighteen times Dell’s market value – March 19, 2012
Apple now worth seventeen times Dell’s market value – March 12, 2012
Apple now worth sixeen times Dell’s market value – February 29, 2012
Apple now worth fifteen times Dell’s market value – February 15, 2012
Apple now worth fourteen times Dell’s market value – September 20, 2011
Apple now worth thirteen times Dell’s market value – August 26, 2011
Apple now worth twelve times Dell’s market value – January 27, 2011
Apple now worth eleven times Dell’s market value – September 23, 2010
Apple now worth ten times Dell’s market value – September 09, 2010
Apple now worth nine times Dell’s market value – June 01, 2010
Apple now worth eight times Dell’s market value – May 21, 2010
Apple now worth seven times Dell’s market value – January 26, 2010
Apple now worth sextuple Dell’s market value – October 20, 2009
Apple now worth quintuple Dell’s market value – February 12, 2009
Apple could buy Dell outright; Mac-maker has more cash on hand than Dell is worth – October 21, 2008
Apple now worth quadruple Dell’s market value – May 01, 2008
Apple now worth triple Dell’s market value – December 06, 2007
Apple now worth double Dell’s market value – July 27, 2007
Beleaguered Dell: Shut it down and give the money back to the shareholders – March 02, 2007
Biting words on Apple come back to haunt Dell – February 10, 2007
Steve Jobs emails Apple team: Michael Dell not the best prognosticator, Apple worth more than Dell – January 16, 2006
Apple now worth more than Dell – January 13, 2006
Bullseye! lol
cueing the jokes about Mikey’s close-set eyes in 3…2…1…
This just never gets old! 😉
I don’t know; these stories are how I remember Dell exists. They were never really a worthy competitor to Apple, and, other than some server hardware, not nothing you couldn’t build yourself (for cheaper).
Well, never boring for those who heard Michael’s words, but tedious when these advisories are repeated DAILY!!
Keep it coming MDN. There might be a time in the future when you won’t have to do this…like when HE shuts HIS company down and gives the $ back to the shareholders.
Until then, it never gets old. Start a pool on when Apple hits 20x?
At this rate, AAPL be 20x DELL by noon this Thursday.
(Brought to you by Carl’s Jr.)
Later this year, Apple is going to give more back to the shareholders than it could have done way back when Michael gave that advice and Apple will still be worth twenty Dells.
These days, the Dell as a unit of wealth for computer companies is so tiny that it’s hardly of any use any more.
Great News… but tired of hearing this.
Apple is more about great products not the stock success.
I never get tired of hearing this.
Then you are more into what…
the products or the money invested in Apple?
Definitely happy Apple is doing amazing.
Yet, Apple got there because of other reasons.
I’m sure revenge had a small but significant part in Apple’s rebirth.
My, but you ARE a sensitive sort. Bet you can’t watch television, listen to the radio, or read the newspaper every day either! Same ol’, same ol’, right?
I never ever get tired of re-reading this one..
Being tired or not tired of hearing this news is the new “snappy”!
I am not surprised by this at all. Just the number of people buying iPhones and iPads alone are crazy. But Apple does make great products that are very user friendly.
I personally don’t give a damn about Dell. I’m more interested in Apple catching Google and then Priceline. Apple has got its work cut out for it to catch Priceline. Dell has been left so far in the dust as to be invisible. Apple shareholders need to look towards the future and first break both Microsoft’s and Cisco’s dot-com market cap records then move on the the trillion dollar market cap record. I don’t give a damn if Apple ends up being worth 50 Dells because Dell could lose share value and that is of no interest to Apple shareholders like myself.
The relative stock price of Google and Priceline are totally irrelevant when considering the price of Apple or any other stock. Apple has no other company to “catch”.
NEVER GETS OLD.
You need to work the “ISIDAGTMBTTS” acronym into the story for all the new folks, so that they know what it means when they see it.
MDN PEEPS:
ANY OF YOU CREATIVE TYPES need to turn this into a rap song.
“What would I do? I’d shut it down and give the money back to the shareholders.””
Or come up with new figures of speech:
“You look like you’ve been to Dell and back.”
etc.
I never get tired of this.
Can’t wait for the next round! lol
I’m bored with this. Absolutely no surprise. I will ask, am I the only one who double taps my space bar on my desktop for punctuation?
double spacing after punctuation is so 1950s. A useless, unnecessary, typographically wrong relic of the typewriter age. Look at any magazine, newspaper or book. Onnly one space after punctuation. It’s a function of the typewriter’s monospaced letters where the i and the m are the same width. With proportionately spaced fonts mostly used on computers it is unnecessary (unless, of course, you are using a monospaced font for a retro effect).
I agree. What I really meant was…I’m so used to double tapping on my iOS to end a sentence with a period that I tend to do it on my desktop out of habit.
Dell, what is a Dell? Like farmer in the dell (or is that one dale?).
Dell? What is a dell?
I would advise DELL to re-hire Endrlenutjob for a super high level position. Make him second in command. Number 1 to the Captain. Make sure there is a Disco Ball in his Quarters. I mean his previous stint at DELL must have yielded some kind of success right? Why not play that winning hand again.
I never get tired of reading these, MDN, keep them coming.
As for worrying about other companies, don’t bother, Mr Dell is the one who started this.
It’s like his head has grown to gigantic proportions but his face remained the same size. Something just doesnt fit right.
I left the Android folks to come back to Apple..I felt like the prodigal son returning home after spending time with Android…Apple welcomed me back with open arms and I replaced every Android device with an Apple product. 3 iPod Touch (4th Gen) 1 iPhone 4, 2 iPhone 4S, (16 and 64GB) IPad 3, (32GB), IPod Nano, Apple TV…Apple products are the best! #applefamily
heeheeheeheeheeheeheeheehee
heeheeheeheeheeheeheeheeheeheeheeheehee
Looked at another way, Dell has gone from being worth $82.63B in 2012 dollars (adjusted for inflation only) to just $29.43B in 6 years.
So good old Mikey has shrunk Dell by over $7B a year…. Why is he the CEO again?
It never gets old
BwahhhhhHaaaaaahaaaa