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. Can you say Job’s fanboys? Dell makes their money in the corporate segment on pc’s, laptops and above all, servers. Apple makes their money on, well, Ipod and now Iphone. Comparing revenue as a basis of determining market dominance is pointless. Give me the numbers on how many Dell laptops were sold last year compared to Macbooks. nuff said.

  2. John Wells, did you buy a macbook expecting it to be a game machine?

    I have not had any problems with my MBP other than the battery exchange. I’ve take it to Cancun, Paris, Barcelona, London, Frankfurt and Helsinki without having any issues.

  3. You Mac fans obviously know nothing about finance and even less about business. Apple makes their money on Ipods, not computers. Ipods and, well that’s basically it. Dell sells more computers than Apple ever will. Without mp3 players they have nothing.

  4. Michael Dell should get more credit for being able to predict the future. He knew that Apple would eventually trounce his company, so he wanted it dismantled before it could begin building the momentum to do so …

  5. Big o’l load of B:

    Get a clue. Apple booked a $1 billion more revenue with their computers than with their iPods this quarter. Though Apple never reveals their margins on specific products, it’s clear from their gross margin figure for the quarter that a large chunk of their quarterly profit came from their computer business.

    Read the financial report:
    http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001104659-07-056111&Type=HTML

    So, you were saying?

  6. Wow. Does anybody here have a degree in finance? Someone (including the writer of this article) should learn the difference between market capitalization and value; everyone here keeps calling the market cap the value and they are not the same. Market cap is just the number of shares times their price, but if the company were to be sold, that’s far less than they would fetch. The idea is to capture the price of a company’s future cash flows; so start looking at the balance sheets and income statements and forget about the cap! Now, I am not sure, but by glancing at their balance sheets, it looks like Dell is about 30% larger and would fetch the higher price.

    @John: Apple’s net income is what you want to look at; that is their profit after taxes and other expenses. Did anyone here look that up? If we look at the year ending 2006, Apple had a NI of 1.989 bil while Dell’s was 2.614 bil; not even close. Go ahead and compare ytd as well; just watch out because the companies don’t report at the same time.

  7. What a bunch of mactarded dreamers?!

    Apple is built on hype, not quality as they use the SAME electronic parts as other makers. Ok the casing is nicer or shinier, miminilistic.

    The iphone is a flop and will continue to be
    Apple TV is a flop and will continue to be
    The Apple OS is NICE but still a closed OS with little collaboration with software makers and other hardware developers.
    The Apple NOS is a failure and continues to be.

    The ipod is a success…

    That said, it is not enough to overtake anyone.
    Ubuntu is more likely to overtake apple in about 4-5 years easy.
    And guess who is selling it on their desktops? DELL! ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

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