Apple now worth 34 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$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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $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 $22.90 billion.

• 23X: Also on May 23, 2012, Apple’s market value stood at $520.45 billion or more than 23 times that of Dell’s $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 $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 $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 $21.15 billion.

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

• 28X: On August 2, 2012, Apple’s market value hit $569.75 billion or more than 28 times that of Dell’s $20.06 billion.

• 29X and 30X: On August 22, 2012, Apple’s market value hit $610.02 billion or more than 30 times that of Dell’s $20.29 billion.

• 31X: On August 23, 2012, Apple’s market value hit $621.15 billion or more than 31 times that of Dell’s current $19.66 billion.

• 32X: On August 27, 2012, Apple’s market value hit $635.57 billion or more than 32 times that of Dell’s current $19.61 billion.

• 33X: On August 28, 2012, Apple’s market value stood at $632.71 billion or more than 33 times that of Dell’s current $19.07 billion.

• 34X: Today, September 4, 2012, Apple’s market value stood at $627.28 billion or more than 34 times that of Dell’s current $18.44 billion.

Apple is also a debt-free company and currently has more than six times Dell Inc.’s total worth in cash.

Hello, Mikey? Miiikkkkeeeyyy? Got any snappy retorts now?

Michael Dell

See AAPL and DELL quotes via NASDAQ here.

MacDailyNews Take: If you think we’ve grown tired of this, you would be wrong. We will do this hourly, if need be. We are longtime Mac users. We have been subjected to quite a lot. We have a nearly inexhaustible supply to dole out before the universe is once again back in balance.

[Thanks to MacDailyNews Readers “Curtis W.” and “Yelkin” for the heads up.]

Related articles:
Apple now worth 33 times Dell’s market value – August 28, 2012
Apple now worth 32 times Dell’s market value – August 27, 2012
Apple now worth 31 times Dell’s market value – August 23, 2012
Apple now worth 30 times Dell’s market value – August 22, 2012
Apple now worth 28 times Dell’s market value – August 2, 2012
Apple now worth 27 times Dell’s market value – July 23, 2012
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

46 Comments

  1. This story started to get boring once AAPL hit 10X DELL. Now it’s just flogging a dead horse.

    Dell’s following Gateway down the crapper. There’s really no reason to care about them anymore.

    -jcr

    1. You may have missed MDN’s take:

      If you think we’ve grown tired of this, you would be wrong. We will do this hourly, if need be. (…) We have a nearly inexhaustible supply to dole out before the universe is once again back in balance.

      Anyone who was a Mac user / fan in 1997 will likely completely agree with MDN.

        1. Yes for me since 1992, It never gets old because there is so much ill will to spread out to those cocky bastards (making PCrap) who wished Apple ill will. The scales are tipping and certainly those with Windows hubris in the day are eating crow now. Now all they can say is “Wha’ happened?”

          1. Go ahead, rub it in more. Started with an Apple ][ in 1980. Was an Apple SYSOP on GEnie for over 8 years and an Apple Independent dealership for 3 years. I always believed, despite the many mistakes Apple made over the years. Don’t let these turkeys, I mean trolls get you down. Criminality breeds stupidity, isn’t it obvious!

        1. I have been a Mac user since 1988 and a shareholder since 1998. I thought Dell’s remark at the time was incredibly mean-spirited. I had to work with a PC-centric IT admin (read: I supplied my own support for my Mac). I tried to explain the Mac advantage but my words fell on deaf ears. I was right, they were wrong and now the worm has turned. This – will – NEVER – get – old!

    2. To increase the value of AAPL by a DELL, these days, AAPL needs a mere 2% jump. Any one significant rumour, news, contract, new product or similar can push the needle that far. Of course, should DELL drop lower than $18B (which is really not an “IF” but a “WHEN”), the AAPL movement needed will be even less than 2%.

    3. will never get tired of this. been using apple stuff since the lisa.

      i might suggest to mdn though, that maybe someday they will need to write a script to generate these items!

    4. This story will never get old. I look forward to each and every milestone. For those of us who have been enjoying the Mac platform since the beginning, we cannot ever forget the difficult and scary days of the mid-90’s, when so many people like Michael Dell, Bill Gates, Steve Ballmer, and their sycophants in the IT, media and financial world were predicting and hoping for Apple’s demise. Just imagine what a dark medieval world that would have been if that had happened…bound and beholden to Microsoft’s poor, drab products and conniving, monopolistic ways. So once again, a big Thank You to the late great Steve Jobs and the Apple Team for their Tremendous Efforts, their Fantastic Achievements and their Continued Successes!

    1. No, “edward” – you are just 34x more of a dumbfuck (to use your own language employed in a previous troll post) than the last Shitscum troll that came to this site.

      Fsck off.

  2. I guess the holiday weekend is why it took so long to get from 33x to 34x.

    Yep, never gets old. Not yet, anyhow.

    @John C.
    Until we no longer have to confront Dell computers in schools, libraries, public and corporate offices, it matters. When Dell and its foul leavings are gone from the face of the Earth, then MDN can stop with these updates.

  3. I’m subjected to using dells on a daily basis at work. I’m staring at their ridiculous logo as I type this. Die dell, die!

    This microsoft mediocrity needs to end. I just had my computer replaced by IT because my last one “expired.” This one will “expire” in one month and will be replaced again. But it’s just the same lame crap over and over. It’s like groundhog day, but without any funny shenanigans or life affirming catharsis.

  4. First Mac was an SE 2/20.
    This never gets old. It was hard to tell people what we went through back in the early 90’s.

    It was a battle with the IT goons to just get them to let us put a Mac on the company network.

    I had a university that would not support their Macs. The president of the school had a Mac on his desk. But the support department called for outside support.

    How times have changed. You young guys should thank us old guys for keeping up he fight and doing everything we could to keep the faith.

    It never gets old.

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