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: Today, 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.
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? Mikey? Miiikeeey?
See AAPL and DELL quotes via NASDAQ here.
[Thanks to MacDailyNews Reader “Robert Gasiorowski” for the heads up.]
Related articles:
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
MacDailyNews is Jobsian in their mercilessness. Personally, I love it.
No mercy for Dell!
Mikey doesn’t deserve any mercy, the little goober.
Tar and Feather the fool! 😉
Then, dump all his dell crates into the harbor! 😀
Oh, how I love it. Let me count the 100 million ways.
These never get old.
PLEASE continue the count. Until Michael Dell shuts down his little company and gives what little money is left back to the shiteholders. … Er, shareholders.
Gotta love it.
LOL!
I saw a “special offer” on line today, offering “free trials” of a new Dell “ultrabook.”
It was a remarkably ugly POS.
With the acceleration we see in that list, soon this headline will be posted every day 22X, 23X, 24X, then every hour: 45X, 46X, 47X… and so on until we hit a singularity when Dell’s eyes meet in the middle.
I’m looking forward to the time (not too far from now) when Apple’s profits will be able to buy Dell each and every quarter.
Last week:
quiviran
Monday, March 12, 2012 – 4:42 pm · Reply
No, that was for 16x. This is a new one. Wonder how long before the interval between “x”s drops below a week.
That didn’t take long.
Dell’s eyes do seem to be drifting toward each other at an accelerating rate!
Will there be a giveaway of some sort when we reach 20x?
Apple? How about 20 iPads/Airs to 20 poor Dell souls? I have a Dell at work and I am not allowed to get anything else.
You should start another line of AAPL is now how many times MSFT and GOOG
At some point, there will have to be multiples of these posts every day! 😀
——RM
Does anyone have a DELL employee email list we can forward these MDN news reports to?
I think it’s important to share.
Brillant!
The final news about this will be “Apple now worth infinitely more times Dell’s market value” — if Dell will go bankrupt.
You can’t call him a total hypocrite. He is in charge of Dell and seems to be trying to shut it down, although perhaps without giving the money back to the shareholders.
On top of all this Apple announced today that it is giving some of ”the money back to the shareholders.”
Apple will give back $45Billion to shareholders; (1 1/2X’s what Dell is worth now) over 3 years, over that time period probably more than $45Billion will be generated. 🙂
And 2X Microsoft’s value. You need to start a counter on that too.
I thought this would get old. It doesn’t. If anything each multiple makes it just a little better.
M. Dell did Apple and all of us a great favor dissing Jobs’s baby. As Katherine Hepburn said: Never underestimate the motivational force of getting to prove the b***s wrong.