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?
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
Some day Apple will be able to sneeze and out would come something equivalent to Dell.
Never gets Old!
Yes it does. This comparison is so irrelevant. More pertinent would be what’s unfolding rather than what is going to fold.
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.
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.
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.
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.
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
So you’re saying paying dividends force Dell to make ugly crappy computers? Though agree, Microsloth “helped” Dell shovel the crap.
Agreed, never gets old!
Thanks MDN. This NEVER gets old.
SIDAGTMBTTS
Cha-ching!
yes yes yes!!!!!!!!!!!!!!
Jobs responded to Dell with an email that read: “CEOs are supposed to have class. I can see that isn’t an opinion you hold.”
Did you completely make that up? How would we know of such an email?
I can’t remember where I first saw that, but the most recent place was the book “Steve Jobs” by Walter Isaacson, chapter 25.
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.
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.
unsoiled lol autocorecfail
Some earlier sources:
http://www.businessweek.com/1997/46/b3553159.htm
http://www.techdirt.com/articles/990317/0332204.shtml
http://www.barnesandnoble.com/w/apple-jim-carlton/1003044855
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.
We need a more current photo. I’ll bet by now his eyes have morphed into one huge Cyclops eyeball.
And undoubtedly it’s streaming tears.
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.
I want to know if there will be a special celebration when Apple is at 30X and one for when Dell goes out of business.
30X …..
50X …..
100X …..
Dell will stay in biz as one of the three remaining PC Box Makers
Jump to 1:29 to see Mikey asked THE question.
Priceless. His response is a cross between a desperate attempt to deny what he said — and wetting his pants.
I’ll certainly be partying over that one.
THEN the next party is Microsloth’s demise.
Yes, it never gets old!
Dell should shut it down and give the money back to the shareholders!
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
I would venture to say that Apple threw Dell an
“infinite loop.”
Grow up MDN. You sound like a little child every time you bring this up.
Grow up and move on!!!
I think most of us here would prefer that you move on. And watch that door buddy.
+27x
+27x to you, L.C.
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
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.
apple is 27 times bigger than Dell. so what? now Apple is NO. 1 in the market share? it isn’t. it’s never been. that’s why I don’t believe this kind of bullshit.
Uhm, you do realize that market cap is NOT related to market share, but to profit share. Now we know not to believe any of your BS.
@KenC. 10
Cockroaches have more “marketshare” than humans. Should I be jealous of cockroaches?
Yes. You especially.
Aww how cute! I have my own pet troll.
Why yes! It must be gratifying indeed to see your highest aspiration come to fruition.
“Believe”.
Edward, you use that word. I do not think it means what you think it means.
You don’t “believe” that Apple is worth 27 times Dell’s market value?
You “believe” that Apple having 27 times Dell’s market value is “bullshit”?
For now, Edward, I “believe” you are an ignorant Asshat.
Maybe I’m wrong.
Isn’t it amazing? Apple is far from having market share dominance in most of the markets it serves yet it has the largest market cap in the world. With so much room to grow, I expect Apple’s market cap to continue to grow correspondingly.
It means something to us that were there fighting for Apple. I was a VAR back then, so yeah this never gets old. Keep on posting it for as long Dull is getting lapped! Go Apple!
Never. Gets. Old.
No limit in sight for either trend line.
Michael Dell’s eyes are too close together.
More evidence that Dell is in serious trouble:
More evidence that Dell is in serious trouble:
Running in Circles for a Dell Refund