Sep 25, 2010

Apple = 11xDell’s market value

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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: In NASDAQ trading today, 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.

Apple is also a debt-free company and currently has significantly more cash and short-term investments on-hand ($46 billion) than Dell Inc. is worth (now nearly double, in fact).

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