Apple now worth 24 times Dell’s market value

Here we go again! So far today, Apple has gone from 20x to 21x, 22x, 23x, and, now, 24x Dells’ value – all in a single day!

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: On August 26, 2011, 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.

• 14X: On September 20, 2011, Apple rose $1.82, or 0.44%, to $413.45 to hit a market value of $383.31 billion or more than 14 times that of Dell’s current $27.15 billion.

• 15X: On February 15, 2012, Apple rose $14.03, or 2.75%, to $523.49 to hit a market value of $486.78 billion or more than 15 times that of Dell’s current $32.37 billion.

• 16X: On february 29, 2012, Apple rose $8.43, or 1.575%, to $543.84 to hit a market value of $505.75 billion or more than 16 times that of Dell’s current $31.35 billion.

• 17X: On March 12, 2012, Apple rose $3.27, or 0.60%, to $548.44 to hit a market value of $512.33 billion or more than 17 times that of Dell’s current $29.94 billion.

• 18X: On March 19, 2012, Apple rose $9.94, or 1.70%, to $595.51 to hit a market value of $553.29 billion or more than 18 times that of Dell’s current $30.61 billion.

• 19X: On March 26, 2012, Apple rose $10.93, or 1.83%, to $606.98 to hit a market value of $565.93 billion or more than 19 times that of Dell’s current $29.43 billion.

• 20X: On April 3, 2012, Apple rose $10.49, or 1.70%, to $629.12 to hit a market value of $585.93 billion or more than 20 times that of Dell’s current $29.21 billion.

• 21X, 22X: Today, May 23, 2012, Apple’s market value stands at $520.40 billion or more than 22 times that of Dell’s current $22.90 billion after Dell shed over 15% following another poor earnings report coupled with weak guidance.

• 23X: Also today (a bit later now), May 23, 2012, Apple’s market value now stands at $520.45 billion or more than 23 times that of Dell’s current $22.15 billion after Dell shed over 16% following another poor earnings report coupled with weak guidance.

• 24X: Just now, also on May 23, 2012, Apple’s market value hit $524.00 billion or more than 24 times that of Dell’s current $21.83 billion after Dell shed over 18% following another poor earnings report coupled with weak guidance.

Apple is also a debt-free company and currently has well over four times in cash on-hand (now over $100 billion) than Dell Inc. is worth.

Hello, Mikey? Mikey?

Michael Dell

See AAPL and DELL quotes via NASDAQ here.

MacDailyNews Take: No mercy. Not even close.

[Thanks to MacDailyNews Readers “SamLowry” and “Tobias Tate” for the heads up.]

Related articles:
Apple now worth 23 times Dell’s market value – May 23, 2012
Apple now worth 22 times Dell’s market value – May 23, 2012
Apple now worth twenty times Dell’s market value – April 3, 2012
Apple now worth nineteen times Dell’s market value – March 26, 2012
Apple now worth eighteen times Dell’s market value – March 19, 2012
Apple now worth seventeen times Dell’s market value – March 12, 2012
Apple now worth sixeen times Dell’s market value – February 29, 2012
Apple now worth fifteen times Dell’s market value – February 15, 2012
Apple now worth fourteen times Dell’s market value – September 20, 2011
Apple now worth thirteen times Dell’s market value – August 26, 2011
Apple now worth twelve times Dell’s market value – January 27, 2011
Apple now worth eleven times Dell’s market value – September 23, 2010
Apple now worth ten times Dell’s market value – September 09, 2010
Apple now worth nine times Dell’s market value – June 01, 2010
Apple now worth eight times Dell’s market value – May 21, 2010
Apple now worth seven times Dell’s market value – January 26, 2010
Apple now worth sextuple Dell’s market value – October 20, 2009
Apple now worth quintuple Dell’s market value – February 12, 2009
Apple could buy Dell outright; Mac-maker has more cash on hand than Dell is worth – October 21, 2008
Apple now worth quadruple Dell’s market value – May 01, 2008
Apple now worth triple Dell’s market value – December 06, 2007
Apple now worth double Dell’s market value – July 27, 2007
Beleaguered Dell: Shut it down and give the money back to the shareholders – March 02, 2007
Biting words on Apple come back to haunt Dell – February 10, 2007
Steve Jobs emails Apple team: Michael Dell not the best prognosticator, Apple worth more than Dell – January 16, 2006
Apple now worth more than Dell – January 13, 2006

22 Comments

  1. OK, this is just ridiculous. Enough, Stopit alread……..

    Bwah Ha Ha I just can’t keep a straight face. This is great! Doesn’t get old, just gets better with age and every multiple of Dell, even if its several times a day!

  2. Ding, ding, ding……we have 24x. That man just bought himself a locker!

    “That’s the WOW factor, he’s playing with the big boy’s now”.

    Mikey, you have to jump on that reality TV show. I would pay to watch that.

    hahahahahhahah

  3. Could this be why Michael Dell wanted Steve to shut it down and give the money back to the shareholders? Might he be an oracle who prophesied the rise of Apple? That it would one day put his company into such dire straits, he’d sooner push to have it shut down rather than be crushed beneath its weight?

  4. Rim, Nokia, Dell, HP, and Kodak, should all get together and merge forming an new corporate entity;- Beleaguered Cooperative Inc. They are headed for the same place, they might as well do it together. 🙂

  5. Dell is doing a crash and burn. HP is going to do a crash and burn. Why? Because of competition with Apple. Why isn’t Apple stock flying high?

    I’m looking forward to where this will end today. Loving it.

  6. What’s amazing isn’t that Apple is doing so well, it is that Dell is doing so poorly. They’ve gone from a market cap of $70 billion to a market cap of $20 billion.

    But I’m sure all this talk of a Post PC era is just an Apple fanboy fantasy.

    1. Erm….did you miss the past 10 years, in which Apple have gone from a market cap of $4.5bn to $520bn? That’s quite a rise for a company you say isn’t doing well, is it not?

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