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: On August 23, 2012, Apple’s market value hit $621.15 billion or more than 31 times that of Dell’s current $19.66 billion.
• 32X: On August 27, 2012, Apple’s market value hit $635.57 billion or more than 32 times that of Dell’s current $19.61 billion.
• 33X: On August 28, 2012, Apple’s market value stood at $632.71 billion or more than 33 times that of Dell’s current $19.07 billion.
• 34X: On September 4, 2012, Apple’s market value stood at $627.28 billion or more than 34 times that of Dell’s current $18.44 billion.
• 35X: Today, September 14, 2012, Apple shares rose $11.83 to $694.81 for a market value of $651.01 billion or more than 35 times that of Dell’s current $18.60 billion.
Apple is also a debt-free company and currently has more than six times Dell Inc.’s total worth in cash.
In 2012 alone, Apple has rocketed from 15 times Dell’s value to 35 times Mikey’s little floundering outfit. And counting.
Hello, Mikey? Miiikkkkeeeyyy? Got any sage advice today?
See AAPL and DELL quotes via NASDAQ here.
[Thanks to MacDailyNews Readers “Curtis W.” and “Yelkin” for the heads up.]
Related articles:
Apple now worth 34 times Dell’s market value – September 4, 2012
Apple now worth 33 times Dell’s market value – August 28, 2012
Apple now worth 32 times Dell’s market value – August 27, 2012
Apple now worth 31 times Dell’s market value – August 23, 2012
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
Honestly – I NEVER get tired of seeing these updates! Please MDN – keep doing them until Dell is no more!!!
Maybe Michael Dell can start supplying components for all those hugely successful Apple products instead of Samsung? I mean given the rapid decline of the PC Model the man has to find something else to do besides cry!! 😉
Honestly, I never get tired of reading the first poster as being never tired of seeing these updates.
Keep up the “Not Being Tired”
/JK
This is getting ridiculous! I LOVE IT!!!
Oh, come on, this is really getting childish! Dada…. 🙂
Mikkkeey! Oh no.. Please stop staring at me. Answer MDN’s question!
I agree – this never gets old, but it does feel like we’re piling on a poor, 80 pound lil’ ol’ man with dementia.
Oh, well . . . 50X? Do I hear 50?
We will certainly be at 50X in a few months. But I expect quite a few preprogrammed sell orders at 700 for profit taking before there is a move higher.
Time to shut Dell down and give the money back to the shareholders to invest in Apple stocks. It’s the humane thing to do.
I hope you’re emailing these to Mr. Dell
Must be a barrel of laughs when Mikey and Ballmer get together.
They’re crying in their beer together. While simultaneously noshing on generous portions of humble pie.
Yawn.
Not sure why this is relevant anymore? Who cares outside of maybe a few handful of you.
Americans are a funny bunch as they celebrate the demise of some of their greatest companies. In a prefect world, Americans should cheer for a healthy Dell, HP and Apple as they all have to fend off Asian companies on their own turf.
I was thinking about how strong the US economy would be if they were able to retain the manufacturing of their goods in the US. Can you imagine!
But he started it. He basically said that Apple was not worth anything and the company should disappear and that Dell should go on. If Apple got shut down, many jobs would have been lost and he seemed rather flippant about that. In a way he was wishing one of the potentially finest tech companies on the planet would go out of business just so he could keep building plain-jane Wintel boxes forever. He needs to get this drilled into his head that not everyone gives up and rolls over because he thinks they should and that the future is unpredictable. But you’re right, it isn’t really relevant anymore.
Well said though the relevance is mostly for entertainment purposes and a regular serving up of past bitter resentments. Sometimes flogging a dead horse has it’s purposes. Does that make us mean and vindictive? Hell yeah!
We don’t cheer when they attack our favorite fruit company when it was down nor exhibit excessive cockiness and a cavalier attitude. I don’t think Michael Dell was particularly sensitive or supportive to Apple at that time to say the least and deserves the same scornish treatment now to our infinite amusement. Pride before fall. What goes around comes around for Mikey.
Points taken from both you and LB48. A little bit of revenge is always sweet. 🙂
Go fuck yourself- stay off MDN if you don’t like it.
Hey not sure who ur fuck face but I would love to meet you face to face so I can tear you a new one! Typical feble man who’s strength is found behing a keyboard while sitting in an obscure basement looking at porn and choking his chicken!
Methinks thou doest protest too much…You’re so entertaining…
This news makes me feel like that pig holding the pinwheels in the GEICO commercial!
I wonder if Dell thinks this is a Rounding Error. Speaking of Balmer, do you remember the Interior Minister of Iraq saying something like, “The Americans are not here, we have pushed them back”, while bombs are going off behind him. I wonder if he taught Balmer about Denial.
If Dell and Balmer do cry in their beer, I bet it’s really expensive beer, after all, they make money no matter how bad they fail!
7 Dells in less than a month. Unbelievable. And it’s still undervalued.
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1347652800000&chddm=991185&chls=IntervalBasedLine&cmpto=NASDAQ:AAPL&cmptdms=0&q=NASDAQ:DELL&ntsp=0&ei=oUxTUIjBIaXeiALZEQ
Never Gets Old (NGO)
Every time Monkey Dell heard this news, he is going to bang his sexy wife hard to relief his stress. The world doesn’t need “Dell babies”!!
Hee, heeeee!!!!
Got an order in to sell 200 @ $700. Came within 3 dollars and 2 cents a while ago. C’mon AAPL!
Keep on posting.
There are plenty of pixels where that came from!
If Dell investors haven’t sold their stock and purchased AAPL by now, then that’s their fault. Don’t ride a loser down into oblivion.
I feel like going poopee when I see that picture!
Even lost the race to the bottom that he started. What a clueless idiot.
NGO
Seems like the onl time I bother posting is in reply to these milestones
Nearly reaching a logarithmic inflection point, it seems.