Apple now worth nine times 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.

• 2X: On July 27, 2007, Apple’s value doubled that of Dell’s, $127.81 billion vs. $63.65 billion, respectively.

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

• 4X:On May 01, 2008, Apple’s market value quadrupled that of Dell’s, $158.66 billion vs. $38.97 billion, respectively.

• 5X: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.

• 6X:On October 20, 2009, 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 $29.97 billion.

• 7X:On January 26, 2010, Apple gained $7.57 to $210.64 to hit a market value of $189.72 billion or more than 7 times that of Dell’s current $27.03 billion.

• 8X:On May 21, 2010, Apple gained $1.95 to $239.74 to hit a market value of $218.12 billion or more than 8 times that of Dell’s current $25.84 billion.

• 9X:In NASDAQ trading today, Apple gained $6.89 to $263.77 to hit a market value of $240.01 billion or more than 9 times that of Dell’s current $26.29 billion.

Apple is also a debt-free company and currently has significantly more cash and short-term investments on-hand ($41.7 billion) than Dell Inc. is worth.

Hello, Mikey? Miiikeeey? What, no wiseass comments today, Mr. Big Shot?

See AAPL and DELL quotes via NASDAQ here.

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

50 Comments

  1. Don’t worry, DELL will bring in the Dream Team of “Dvorack, Thurrott, Enderle” and come out with a new gadget that will blow away everything that Apple has done. The new DELL DJ Nincompoop Super HD. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  2. This is just a reminder to be careful what you say in public, because it might dog you for the rest of your life. If Michael had any class, he would have apologized long ago.

    Love the Laura Goldman quote! Let’s see it again.

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