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 bullseye-covered face, “We’re coming after you, buddy.”
Yes, it’s very likely Jobs would get hit by the feigned outrage cancel crowd for that bullseye graphic today. And, oh, how we’d love to be able to hear his response.
So, wouldn’t you know it, 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: On 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.
• 35X: On September 14, 2012, Apple shares rose to $694.81 for a market value of $651.01 billion or more than 35 times that of Dell’s current $18.60 billion.
• 36X: On September 19, 2012, Apple shares rose to $702.98 for a market value of $659.81 billion or more than 35 times that of Dell’s current $18.16 billion.
• 37X and 38X: On October 3, 2012, Apple shares rose to $671.45 for a market value of $629.42 billion or more than 38 times that of Dell’s current $16.36 billion.
• 39X-42X: On October 30, 2013, soundly beaten, Dell took his ball and went home, taking the company private, ending Dell’s 25-year run as a publicly-traded company. On December 28, 2018, Dell took the company public again. In the interim, on August 2, 2018, Apple became the first $1 trillion publicly-traded company.
• 43X: OnAugust 6, 2020, Apple shares rose to hit a market value of $1.948 trillion or more than 43 times that of Dell’s current $45.153 billion.
• 44X: Today, August 18, 2020, Apple shares rose to hit a market value of $1.978 trillion or more than 44.5 times that of Dell’s current $44.39 billion.
Apple in their last 90-day quarter ended June 27, 2020 — in the midst of a global pandemic, no less — generated revenue of $59.7 billion or $15.31 billion more than the entirety of Dell’s worth. In just 90 days.
Apple currently has more than four times the total market value of Dell Technologies Inc. in cash on hand.
Hey, Mikey? Miiikkkkeeeyyy? Got any snide remarks today?
I like the series a lot. I am following this increase since so many years. Love it.
When Apple delivers an infinity screen, then I’ll think about gloating
But how is this possible??
Money grows in the soil, on trees, comes out of Dillingers holes and is mined out of the earth. And we ourselves create it every day in unbelievable amounts. But we create value when maufacturing a car from iron or aluminium. An apple growing on a tree is value that can be sold. The Wind blowing into windmills, the sun shining onto solar panels are newly created value which is sold. Coal, Oil, Gold, Diamonds and other precious resources are dug out of the earth. All this value is suddenly here day after day and has to be sold and bought with money – so every Cental Bank MUST print new money every day to keep up with all the value we create. That’s perfectly fine as long as value and money are in an equilibrium. You and I can easily measure, if the central bank does its job well: When there is no inflation and prices (and wages) increase just moderately, everything is fine. So when making your groceries you can know that not a too large amount of money has been made. Simple as that. BTW: Dagogo from ColdFusion is a moron.
drilling holes, sorry, stupid autocorrection.
No; Private banks do not create money. Your job does not create money. States, counties, cities do not create it. The corporation does not create money. Instead, they do the apposite; They all take money. They take it from the customer, whether it’s from a product and service or via mandatory taxes. And where does the consumer/customer ultimately get that money to pay or to repay? It comes from the Federal Reserve Bank that first created it. That money cascaded down to all the aforementioned recipients I listed in the first two sentences.
The FRB (i.e, the Fed) makes money via a simple ledger entry. It can continue to make money this way all it wants for however long it wants with no appreciable inflation. Proof is that it created huge amt. of money for all of the wars, Wall St. bank bailouts, highways, social programs, and the military contractors.
For these reasons, the Fed can also make money to pay health professionals for administering Medicare For All with no appreciable inflation. That’s “who is going to pay for it.” No problem. No big deal. Anyone who makes a big deal of it by citing a desperate need for austerity because the gov. does not have the money is simply lying to the American people and being vindictive toward the needy while congratulating the wealthy.
Yikes, no. Printing tons of money only leads to devaluing of the currency, though the effects are not immediate. More dollars competing for the same physical world. Prices go up, dollars are worth less. It isn’t hard to fathom that the poverty line will be a family of four making $100,000. It just takes enough time to get to that, assuming the whole system doesn’t collapse first. The more we devalue, the less other countries want to buy our debt. Only silly hi-jinx once that goes on long enough.
Of course you are correct, except that people cry about inflation only when Quantitative Easing is for the poor and middle class, not when it’s for the wealthy, the Pentagon, and big banks. So I call bullshit on its timing.
Michael Dell a fine example of this character trait:
Hubris (/ˈhjuːbrɪs/, from ancient Greek ὕβρις) describes a personality quality of extreme or foolish pride or dangerous overconfidence,[1] often in combination with (or synonymous with) arrogance.[
Add the 2 ex-Blackberry clownS, Ballsilie and Laziridis alongside Dell.
Never gets old