Apple now worth 27 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: 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: On, May 23, 2012, Apple’s market value stood 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 on May 23, 2012, Apple’s market value stood 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: And again on May 23, 2012, Apple’s market value was $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.

• 25X: On June 4, 2012, Apple’s market value hit $527.65 billion or more than 25 times that of Dell’s current $20.99 billion.

• 26X: On June 19, 2012, Apple’s market value hit $550.43 billion or more than 26 times that of Dell’s current $21.15 billion.

• 27X: Today, July 23, 2012, Apple’s market value hit $564.62 billion or more than 27 times that of Dell’s current $20.64 billion.

Apple is also a debt-free company and currently has well over five times Dell Inc.’s total worth in cash.

Hello, Mikey? Got any snappy retorts for us today?

Michael Dell

See AAPL and DELL quotes via NASDAQ here.

[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]

Related articles:
Apple now worth 26 times Dell’s market value – June 19, 2012
Apple now worth 25 times Dell’s market value – June 4, 2012
Apple now worth 24 times Dell’s market value – May 23, 2012
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

53 Comments

      1. No, it never gets old. Are you new here? My first Mac was a IIsi from 1990. Ate a lot of Dell/MS inspired dog food along the way for being a ‘Mac guy’, more so in an engineering discipline.

        No, it never will get old…that is, until Dell Corp dies. Only then would I be willing to put this epic come-from-behind-victory dance on Mikey’s head to rest….well, maybe.

        1. Agreed, I’m right there with you jmk. 25 years of constant, snide remarks from narcasistic corporate SCHMUCKS & self absorbed IT A HOLES, the chickens are coming home to roost! Dell, Mikey & all the ARROGANCE that engulfs all things WIDOZE, was & is PATHETIC. The end of DELL HELL could not come soon enough for this long time Macintosh user. Well Mikey,? anything to say from that pie hole of yours? Asshole.

      2. Never forget that DELL have paid dividends since day one hence did NOT get the 17 years of keeping the cash in the company that Apple enjoyed. One thing that MDN followers do is take shots at the competition that one day could once again take hold of a market. I prefer humility over disrespect but that is just my nature. I love my Apple products but I very much like my DELL devices as well.

        1. DULL sucks. You talk about humility over disrespect. What was Mikey showing in 1997? Oh and show me one Apple hater that shows humility over disrespect.

          Better yet, go play with your Dell.

        2. Yea, paying dividends is what is tanking Dell…lol. Its not people realizing how crappy a Dell is when compared to an iMac…. plu-uhl-eaze

        1. Touche. Even though your answer implies, possibly incorrectly, that twilightmoron can read, we can save him hours of word-matching by referring him to page 334, line 13 of the hardbound print edition.

          1. I admit I have not read that book, but I also don’t fully trust Isaacson as a credible source.

            That said, whether or not I can read I will leave as an unsoiled mystery.

            1. Although it takes powers of analysis that you lack, even without the other sources cited here, Jobs’ response is completely in character, and in fact more measured than many of his vitriolic comments. Were there to have been no answer to Dell, that would have been more notable than what did happen. So, your attack on Isaacson is pathetically lame. I commend his books, on Edison and Ben Franklin as well. Ask your parents to read them to you, and help you over the big words.

    1. You might consider that the photo is the expression is from what he would feel every time he bent over in the shower to pick up his dropped soap – if he were in prison.

      Just sayin’

      MDN – it NEVER gets old. I had an employee once who swore by Dell computers when he was first hired on. After using one of the company’s Mac Pro with Dual 30″monitors, all he did was swear AT Dell.

      We can only hope that Dell and Balmer are in a race to see who can stay the longest and drag their company down the furthest before their respective boards give them the boot.

      Cheers.

  1. This is what happens when you stick to Microsoft like a limpet.

    Mikey the tech wiener extraordinaire and Ballmer’s best buddy – another genuine class act ass clown who can’t walk the talk. Here’s to 28x

  2. I was as happy as anyone else when SJ sent the e-mail around noting that AAPL had passed Dell’s market cap, but ever since we passed 2x, it doesn’t really seem newsworthy.

    I do remember a time when a Dell PC was a pretty decent machine to run NeXTSTEP on.

    -jcr

  3. To those that can’t see the relevance of this story, each time it happens. Many of us were there, back then, knowing we used a superior product but it looked bad. For years we heard ” there is no software for Mac, why do you own one?” then this Dell guy pops up with his stupid remark about liquidating Apple.

    This remain relevant because Dell was wrong, most of the world was wrong, Apple is proving that superior can win.

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