Apple now worth sextuple 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, 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.

On July 27, 2007, Apple’s value doubled that of Dell’s, $127.81 billion vs. $63.65 billion, respectively.

On December 6, 2007, Apple’s market value passed 3 times that of Dell’s, $165.66 billion vs. $54.42 billion, respectively.

On May 01, 2008, Apple’s market value quadrupled that of Dell’s, $158.66 billion vs. $38.97 billion, respectively.

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.

Today in NASDAQ trading, 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 current $29.97 billion.

Apple is also a debt-free company and currently has significantly more cash on-hand, $34 billion, than Dell Inc. is worth.

Got any snappy retorts now, Mr. Dell?

AAPL and DELL quotes via NASDAQ are here.

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

40 Comments

  1. Love it! I remember that statement. Hurt my feelings because I was a die-hard Apple fan. I was worried for a short while that Apple was going to fold and I would be stuck using Windows again. *shudder*

  2. I love this stuff. Glorious payback from all the abuse we took from PC/Dell/Gateway/Compaq-bigots who derided us for choosing a “piece of fruit” as our weapon of choice. ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

  3. @Mormegil

    C’mon they called Macs TOYS, certainly not weapons.

    High gloat-factor article! ” width=”19″ height=”19″ alt=”LOL” style=”border:0;” />

  4. As fun as it is to torture Mikey with his own words, it will be WAY more fun to throw them back at Ballmer. Nothing quite like the combination of arrogance and incompetence to make people want to see you fail.
    P.S. Hope that M$ keeps him another 1-2 years, that’s all it will take…

  5. Entering “dell vs apple market cap” into wolframalpha.com provides a nice chart of this saga. (Set for “Last 10 years”.)

    Apple’s market capitalization took some scary hits in the past year or so; even with those dramatic dips, though, the trend vs Dell remains striking.

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