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. One friend of mine thanked me yesterday and offered me quite many drinks last evening. Sometime ago I advised him to invest money to AAPL. He invested 10 000€ and the price was down somewhere around $80. I have long time advised people to buy AAPL because I seriously think that Apples market value will be way over 300 000 000 000 and pass Microsoft. If you do not own AAPL yet do the right thing and make your investment now. I bought mine before the split when it was down around $13-$14. I still invest as much that I can.

    Michael Dell should have invested the money he has to AAPL instead of investing it back to Dell. Can´t help him. Let´s help ourself´s instead.

  2. This is a gross misrepresentation, though a popular one, of what Michael Dell said. Michael Dell, when prodded by the interviewer, said that Apple was not the kind of business that he was interested in, that he had no interest whatsoever in running Apple, and that HE would shut the company down rather than attempt to turn it around. A perfectly appropriate answer coming from him and not an insult to Apple in any way.

    Dell’s current misfortune has come after Michael Dell’s retirement as CEO and he is not directly responsible for it either.

    No one here is in any way responsible for either Apple’s or Dell’s successes and failures. Mac fanatics are pathetic.

  3. M$ is in free-fall, in its way down to ground. Everyone who build businesses around it, will fail. Linux is the only alternative to Mac OSX and is the only product that is competing with OSX. Windows is copying.

    One that is always making fun of Apple is the pathethic clown Ballmer. Recently he laughed at iPhone, stating that nobody would never buy a 600 buck phone… 700,000 copies after, I think he is not laughing anymore…

  4. Well, if Apple had not borrowed the code from the gnu Darwin project to become an *niX operating system and not entered the mp3 device arena they is a chance that they would not exist today.

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