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$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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $22.90 billion.
• 23X: Also on May 23, 2012, Apple’s market value stood at $520.45 billion or more than 23 times that of Dell’s $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 $21.83 billion after Dell shed over 18% following another poor earnings report coupled with weak guidance.
• 25X: On June 4, 2012, Apple’s market value hit $527.65 billion or more than 25 times that of Dell’s $20.99 billion.
• 26X: On June 19, 2012, Apple’s market value hit $550.43 billion or more than 26 times that of Dell’s $21.15 billion.
• 27X: On July 23, 2012, Apple’s market value hit $564.62 billion or more than 27 times that of Dell’s $20.64 billion.
• 28X: On August 2, 2012, Apple’s market value hit $569.75 billion or more than 28 times that of Dell’s $20.06 billion.
• 29X and 30X: On August 22, 2012, Apple’s market value hit $610.02 billion or more than 30 times that of Dell’s $20.29 billion.
• 31X: Today, August 23, 2012, Apple’s market value hit $621.15 billion or more than 31 times that of Dell’s current $19.66 billion.
Apple is also a debt-free company and currently has more than six times Dell Inc.’s total worth in cash.
Hello, Mikey? Miiikkkkeeeyyy? Mikey?
See AAPL and DELL quotes via NASDAQ here.
MacDailyNews Take: Come, let us all drink of the sweet sweet schadenfreude!
[Thanks to MacDailyNews Reader “SamLowry” for the heads up.]
Related articles:
Apple now worth 30 times Dell’s market value – August 22, 2012
Apple now worth 28 times Dell’s market value – August 2, 2012
Apple now worth 27 times Dell’s market value – July 23, 2012
Apple now worth 26 times Dell’s market value – June 19, 2012
Apple now worth 25 times Dell’s market value – June 4, 2012
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
Dell: “Each day is better than the next!”
In one day, Apple has grown more than the entire value of Dell. One DAY!
True, but on May 23, 2012, Apple was worth 22, then 23, then 24 times what Dell was worth. And Dell was worth more then!
To Michael still
Want more weed ?
Look st thar picture…..is it me or is he cross eyed ?
He’s always been a “cross-eyed rattle snake buzzard varmint.”
Ya took the words right outta my mouth.
Sweet, sweet, oh, so sweet.
That was fast! I know Apple is growing like crazy, but Dell must be doing its best to flounder as well!
That was fast!
The main problem with this equation is that Dell’s share price is falling faster than Apple’s share price is going up. I’d prefer if Dell’s share price remained constant for a few months and each multiple was gained by Apple’s share price climbing, otherwise Apple shareholders gain nothing.
Nothing but the warm glow of satisfaction.
Seems like only yesterday that I said this never gets old. Oh wait….it was!
MDN
Please create a new song about Dell.
Something like
Hello Mikey? Miikkeey? Mikey said, “What would I do?
Hello Mikey? Miikkeey? Mikey said, “I’d shut it down..”
Hello Mikey? Miikkeey? Mikey said, “and give money back to shareholders.”
Apple is now 1x 2x 3x 4x 5x
Hello Mikey? Miikkeey? Mikey said, “WtF”
Apple is now 6x 7x 8x 9x 10x
Hello Mikey? Miikkeey? Mikey said, “mumbling”
Apple is now 11x 12x 13x 14x 15x
Hello Mikey? Miikkeey? Mikey said, “Call Google to give me damn Android for mobile phone and tablet!”
Apple is now 16x 17x 18x 19x 20x
Hello Mikey? Miikkeey? Mikey said, “what? Android is a stolen product?? WTF!”
Apple is now 21x 22x 23x 24x 25x
Hello Mikey? Miikkeey? Mikey said, “I fired this idiot CEO! I’m the CEO of Dell and I can turn this around!”
Apple is now 26x 27x 28x 29x 30x
Hello Mikey? Miikkeey? Mikey said, “I tried to convince Steve Jobs to license me his IOS and Mac OS X.”
Apple is now 31x
Hello Mikey? Miikkeey? Mikey said, “Damn”.
Mickey is doing dandy. He has a diversified portfolio valued at $15 billion.
Seems envy is evidenced around here.
He could have 50 billion, or 100 billion, he’s still a hack. He’s wasting his time running Dell, he should just go spend his money.
Dell wasn’t the only one who has counted Apple out in the past. I particularly love how Apple proves wrong the vapid a holes on wall street time and time again. They’re awfully self-righteous for a group of people that produce nothing, whose sole purpose is looking at charts and playing into stock manipulations.
Haha. Suck on that DELL!
Micheal Dell says ” I’m getting tired of this! Just buy my company and give the shareholders back their money already!”
hehehehe
You guys never forgive, do you?
Not to forgive is fun, right?
1. Nope.
2. Yep.
Hope that’s OK with you.
Why forgive someone who never asked for forgiveness, or admitted they were wrong, or offered congratulations, (before a crowd of several thousand IT executives) or recanted his statement. (denying that one made the statement or claiming that one was misquoted doesn’t count)
. . . or ate a crow, or . . .
What is to forgive?
Dell made the comment, a mean comment, off hand, probably trying to be funny. It’s on the record.
We , the faithful (hate that designation but it is true) knew he was wrong then.
These multipliers are about celebrating Apple, showing Dell, he was wrong ( and as already pointed out he wasn’t the only one)
I have no need to forgive M Dell, I will sleep fine without doing it. Dell was wrong, you may forgive him of that is your thing, but us here? Not so much.
Never Gets Old!
Dell isn’t asking for forgiveness, that’s what makes it so much fun.
You reap what you sow
That kind of makes Dell a rounding error.
Ballmer has taken M$ from 660B to about 250B.
Dell has taken Dell from 72B to 19B.
Who is the best CEO between them?
Ballmer has given back nearly $300 billion in dividends to shareholders in the last decade.
Never gets old.
So, Dell dropped in value from $71.97 billion to $19.66 billion since 2006. That’s $52.31B lost, or over ten billion a year.
Who’s running that joint, and why haven’t their shareholders held a torchlight parade yet?
-jcr
NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO! NGO…
(31x, and counting, for those who are counting)
Dear Mr. M. Dell,
Have a nice day! ….
nowadays, MDN has been so moron. we already knew that Apple has surpassed Dell a long time ago. don’t fuck around, MDN. we are not idiots.
Why so serious?
Huh?
Why would you click on the article, you knew what t was about.
-1
Hahaha..
Ok, this is no longer funny. Just pathetic.
If I was to buy a “PC” who would I buy one from? No, really. Who would it be?
Ok. Ok, even though Mac runs Windows, what if I COULDN’T buy a Mac? You know, I (they) want to save $300 by getting Windows at OEM prices…
A used Mac off eBay is still better than a new PC.
I can buy a 27″ Quad-Core iMac off eBay for about $700 – $800… Sure it’s from 2009, but still a much more solid machine than ANY new PC.
The above headline:
“Apple now worth 31 times Dell’s market value.”
is enjoyed best when viewed next to another news site’s headline of 8/21/12:
“Dell 2nd Quarter Profit Down 18% as Consumer Sales Fall.”
As McDonald’s says “I’m Lovin’ it!”
MDN, can you start doing these articles for Microsoft as well as Dell? It won’t be long now until Apple is worth 3X Microsoft. Thanks
SIDAGTMBTTS! What more is there to say?
Why won’t Mikey give us another hilarious quip like the good ‘ol days? What’s wrong with Mikey? He’s looking a bit sad lately – maybe he knows something we don’t yet.