Apple now worth double Dell’s 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 Inc. passed Dell, Inc. in market value, $72,132,428,843 vs. $71,970,702,760 at market close respectively.

Today, in intraday NASDAQ trading, Apple’s market value passed 2 times that of Dell’s, $127.81 billion vs. $63.65 billion.

Got any snappy retorts for that one, Mr. Dell?

AAPL and DELL quotes via NASDAQ are here.

76 Comments

  1. Karma’s a bitch, it works both ways so don’t tempt Applelytes!

    And before you come back to me, what I mean is that even though it may not come back to Apple because after all Mr. Jobs is not making capital on that issue, it could come to you in your personal life.

    Treat Karma with care.

  2. Although I generally agree that it is humorous that Dell is where they are now, I do have to commend them for one thing that they have been doing recently – shipping Linux on some of their computers. They are actually in the process of breaking the shackles that Microsoft has on them. This will be a good thing for the entire market since computer buyers will have a choice. This will force document interoperability between all OSes and Microsoft will lose all control of the market that they have previously had. I’m all for Apple, but I also want to have multiple OSes available from non-MS places.

  3. For the time being, the financial competition with Dell is done – stick a fork in them, they’re done. Let’s focus on higher things and the real competition, as opposed to the financial status of a nondescript manufacturer of ‘grey’ little boxes that have been built to the standards of the lowest common denominator.

    The first thing to do is to pull away and make the superior valuation over both HP & Verizon stick for good. May take another quarter, but – by the middle of October – the change should be dialled in pending whatever changes the gods have in store.

    The next mainstream target is Intel itself: if Apple were operating in a vacuum and INTC stayed in a narrow range, the target is around $160.00 – just over $16.00 away. A disappointing back-to-school season for the Windell marketplace (predicated on the lacklustre appeal of Vista), whilst iPods and iPhones (which aren’t ‘Powered By Intel’) continue to power ahead will make Intel a memory in the rear-view mirror.

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