Apple now worth thirteen 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: 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: On September 23, 2010, 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.

• 12X: On January 27, 2011, Apple rose $0.26, or 0.08% to $344.11 to hit a market value of $317.02 billion or more than 12 times that of Dell’s current $26.02 billion.

• 13X: Today, Apple rose $9.86, or 2.64% to $383.58 to hit a market value of $355.61 billion or more than 13 times that of Dell’s current $27.29 billion.

Apple is also a debt-free company and currently has significantly more cash and short-term investments on-hand ($76 billion) than Dell Inc. is worth (singificantly more than double, in fact).

In fact, Apple is now the world’s most valuable publicly-traded company (something Dell has never achieved and never will).

Hello, Mikey? Miiiiikeeeeey? Got any snappy retorts today?

See AAPL and DELL quotes via NASDAQ here.

31 Comments

  1. We get it, we get it! Michael Dell was an idiot and was proven so YEARS ago. But posting every time Apple reaches one of these milestones against Dell is so old. It’s no longer sporting. So, let’s save this for special occasions, like 15x and 20x and 25x. Those are going to come soon enough, trust me. Let’s focus on bigger targets like Microsoft and Google and Exxon. Comparisons to them say more about Apple’s success than comparisons to Dell.

  2. As bad as that Dell quote is, how about the Bill Gates one?

    The one where he said upon Steve’s return, why is Steve coming back, he knows he’s lost the PC wars? In fact, it’s taken 15 years, but I think we’ll come to see this week as the week the PC wars were won by Apple.

    Just look at what’s happened. HP is throwing in the towel. They’re #1 in sales. #2 Dell is weak, as we know. #3 Acer lost money last quarter, as its netbook business implodes. #4 Lenovo made $100M, which is 1/74th the profit that Apple makes, and Apple sold more stuff in China than Lenovo does. The Post-PC market is dominated by Apple, where up to 95% of tablets in use are iPads. The PC war is over, Apple won. Steve knows this and retired. The rest of the world will know it in 5 years or so.

    1. From where I sit, the Windows world looks like the Soviet Union. It’s not that Apple’s beating them so much as MIcrosoft has been bleeding the hardware vendors dry.

      When the volume leader in that game doesn’t want to play anymore, there’s something much bigger afoot than having lost 10% of desktop computer share to Apple.

      -jcr

    2. I don’t believe I ever seen it said better or more succinctly.

      Not only is the PC war over, it’s moot. The new race is content delivery, and Apple is the only tech company with a car on the track.

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