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: On 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.
• 20X: On April 3, 2012, Apple rose $10.49, or 1.70%, to $629.12 to hit a market value of $585.93 billion or more than 20 times that of Dell’s current $29.21 billion.
• 21X, 22X: On, May 23, 2012, Apple’s market value stood at $520.40 billion or more than 22 times that of Dell’s current $22.90 billion after Dell shed over 15% following another poor earnings report coupled with weak guidance.
• 23X: Also on May 23, 2012, Apple’s market value stood at $520.45 billion or more than 23 times that of Dell’s current $22.15 billion after Dell shed over 16% following another poor earnings report coupled with weak guidance.
• 24X: And again on May 23, 2012, Apple’s market value was $524.00 billion or more than 24 times that of Dell’s current $21.83 billion after Dell shed over 18% following another poor earnings report coupled with weak guidance.
• 25X: Today, on June 4, 2012, Apple’s market value hit $527.65 billion or more than 25 times that of Dell’s current $20.99 billion.
Apple is also a debt-free company and currently has well over five times in cash on-hand than Dell Inc. is worth.
Hello, Mikey? Miiikeeey?
See AAPL and DELL quotes via NASDAQ here.
[Thanks to MacDailyNews Readers “SamLowry” and “Brawndo Drinker” for the heads up.]
Related articles:
Apple now worth 24 times Dell’s market value – May 23, 2012
Apple now worth 23 times Dell’s market value – May 23, 2012
Apple now worth 22 times Dell’s market value – May 23, 2012
Apple now worth twenty times Dell’s market value – April 3, 2012
Apple now worth nineteen times Dell’s market value – March 26, 2012
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
I love how these updates continue to come in despite AAPL being off its all-time high. Keep it coming.
Never.
Gets.
Old.
Let’s hear it for 30x!!
ZZZZZZ… Eventually (probably soon), Apple will be worth Dell times infinity (because Dell will be worth ZERO).
Howie Mandel: “Dell … or No Dell?”
Contestant: “NO DELL!” (Crowd erupts joyfully)
Obligatory:
SIDAGTMBTTS.
Yes, but it should be BIITL (Before It Is Too Late).
I can’t wait until the day that Apple sells more Macs in a quarter than Dell sells PC’s.
Keep beating him over the head whenever you can. I think he should sell Dell and give the money back to investors .
When we get to 100 times Dell’s market value, the mercy rule kicks in.
Mercy rule? That’s for little league.
No. Never. At age 49, I have statistically ~30 more years left. I want to see how many times more it becomes, as it approaches infinity, of course, when Dell ceases to exist.
Super! Dell is sinking DeLL.
DeLL surely need no help from Windows 8. I do however feel that Windows 8 will be just about the final blow to a lot of PC MFGs. Not just DeLL. I say this because of the reviews I read about Windows 8.
I think Michael Dell and Steve Balmer are doing a bang up job! Maybe Dell and Balmer can hold a chair throwing contest in Texas and in Redmond via FaceTime!
The mans head looks like a lava lamp.
MDN: please start posting the milestones with the date AND the clock time.
In fairness, DELL has always paid out dividends hence returning some of the wealth back to investors which is the way it is supposed to be. Not so with Apple as they have NOT do some since 1995 and will begin to do again this year. Any stock will grow if you retain all profits in retained earnings for 17 years. DELL like most other PC makers are moving a lot of units but at reduced margins. Take an XPS 13 out for a ride and you will agree that it ranks right up there with MBA 13 but is $600.00 less expensive. I know this as I own both with the MBA being a late 2011 model.
Right….
OH!
Can’t!
Catch!
Breath!
Oh. Oh. … Aah. … Pat! Thanks for the laughs!
You should do standup in Vegas.
The XPS might be equal for about a week……
I got my AAPL shares at $50/share. I think Apple has given quite a bit of wealth to this investor and many others!
When will mike’s head stop imploding? Does it collapse into a dense neutron the moment his two eyeballs cross the event horizon or will it just keep imploding forever?
Well, if I understand the physics correctly, there’s a time dilation effect once across the event horizon, so once his eyes merge into one, the head implodes forever (within the zone) though from our POV we’ll see it wink out in one cascade of outfalling gamma and x rays.
See you at 30X baby!
Isn’t this horse dead yet?
Not the story. Dell.
Add me to the chorus of “This never gets old.”
What could go wrong?
Ding Dong Dell … Hi Michael!
Is dell CEO a relative of the dell founder ?
There’s no better way Stwve could say, “F you, Michael!” than to squash him like a bug. It’s time for Dell to sell and return investors some of their lost money. In 15 years, Dell has lost more than 66% of its value.