Apple passes Dell in market value

On October 6, 1997, in response to the question of what he’d do if he was in charge of Apple Computer, Dell founder and then 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 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 Computer, Inc. passed Dell, Inc. in market value, $72,132,428,843 vs. $71,970,702,760 at market close respectively. After trading places, Apple promptly fell behind Dell as shares of the Cupertino Mac maker were subject to a multi-week bear raid. Today, however, Apple’s share price continued its rise while Dell’s continued to slip. The result, once again, is that Apple Computer ($60,166,590,800) is now worth more than Dell ($60,061,881,440) in a race whose leadership is likely to oscillate a bit in the near term (before Apple pulls away for good).

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Financial Times: Dell and Microsoft can never hope to attain Apple’s Mac aura – January 10, 2006
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40 Comments

  1. In an intellectual and visionary dual between Steve Jobs vs Michael Dell, it isnt even a fair fight.

    I think we should pound their god-damned existence into the earth.

    michael dells run of being a parasite is almost over.

    killed by the ever growing, ever advancing assassin that is Apple Computer.

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