Apple soar to 25 times Dell worth

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It may seem like a strange comparison, but Michael Dell set himself up for the fall when he announced in 1997 that Apple should be shut down and money given back to their shareholders.

The fateful day occurred on October 6th 1997 when he spoke out in front of thousands of attendees. He was asked what could be done to fix the Mac maker at the time. He said “What would I do? I’d shut it down and give the money back to the shareholders.”

If you fancy a trip back in time to that day, then visit this page. Its really interesting reading, especially 15 years later.

In typical Steve Jobs fashion, a month later he said “We’re coming for you, you’re in our sights”. We imagine Michael Dell laughed at the time, but how times can change.

michael dell Apple soar to 25 times Dell worth

It took a little while, but Apple passed Dell market value on January 13th 2006, $72.13 billion v $71.97 billion respectively.

Here is how things panned out over the coming years, according to MacDailynews.

  • 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: Today, 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.

Kitguru says: We wonder if Michael Dell could turn back time, if he would have a slightly different answer?

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