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: On June 1, 2010, 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.
• 10X: On September 9, 2010, Apple gained $1.60 to $265.37 to hit a market value of $242.43 billion or more than 10 times that of Dell’s current $24.21 billion.
• 11X: In NASDAQ trading today, Apple rose $3.79, or 1.32% to @291.54 to hit a market value of $266.34 billion or more than 11 times that of Dell’s current $23.81 billion.
Apple is also a debt-free company and currently has significantly more cash and short-term investments on-hand ($46 billion) than Dell Inc. is worth (now nearly double, in fact).
Hello, Mikey? Miiiiikeeeeey?
See AAPL and DELL quotes via NASDAQ here.
MacDailyNews Take: This one goes to 11!
This just never gets old.
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This just never gets old.
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Never.
The real question is: Who is the next hubris-enriched loser?
I say Nokia.
Never.
The real question is: Who is the next hubris-enriched loser?
I say Nokia.
Is it me or does the picture of Mikey Dell’s head get bigger every time?
Is it me or does the picture of Mikey Dell’s head get bigger every time?
How sweet it is. – Jackie Gleason
How sweet it is. – Jackie Gleason
So why is Mikey worth more than double of Steve Jobs’ net worth? That just makes me sick!
So why is Mikey worth more than double of Steve Jobs’ net worth? That just makes me sick!
At 12:02 M$ 24.53 -.08
Dell 12.25 -.13
“So why is Mikey worth more than double of Steve Jobs’ net worth? “
Because Mr. Jobs takes $1 per year salary.
At 12:02 M$ 24.53 -.08
Dell 12.25 -.13
“So why is Mikey worth more than double of Steve Jobs’ net worth? “
Because Mr. Jobs takes $1 per year salary.
not inbred f$ckt4rded
not inbred f$ckt4rded
See Micheal, you shouldn’t have dropped out of college.
See Micheal, you shouldn’t have dropped out of college.
Definitely inbred
Definitely inbred
Mikey needs to cut prices and grab some more of that Market Share he loves sooooo much.
Mikey needs to cut prices and grab some more of that Market Share he loves sooooo much.
“MacDailyNews Take: ‘This one goes to 11!’ “
For the kids…
“MacDailyNews Take: ‘This one goes to 11!’ “
For the kids…
This one goes WAY past 11.