Dude, you’re getting a MAC! Apple worth quadruple Dell’s market value!
Comments(0)Apple now worth quadruple 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 Computer, Dell founder and then 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.
On July 27, 2007, Apple’s value doubled that of Dell’s, $127.81 billion vs. $63.65 billion, respectively.
On December 6, 2007, Apple’s market value passed 3 times that of Dell’s, $165.66 billion vs. $54.42 billion, respectively.
Today in NASDAQ trading, Apple rose $6.05, or 3.48%, to close at $180.00 and the company’s market value passed 4 times that of Dell’s, $158.66 billion vs. $38.97 billion.
(Via MacDailyNews.)
Apple on Thursday said that it has no plans discontinue its popular Final Cut software for video editing and post-production, after rumors began circulating at NAB that the company had plans to sell the software. Moving to quash rumors, the company told TVB Europe that the Apple had sold its millionth Final Cut Pro license and that its new Final Cut Server software is the company’s latest addition to the product family: “I can categorically state, on the record, that is not the case,” said Richard Townhill, Apple’s director of marketing for professional video applications. The report also cites research by SCRI noting that Apple took 49 percent of the US professional editing market in 2007, while Avid took just 22 percent.
Apple CEO Steve Jobs has secured a place in 2008’s TIME 100, a list of who various guest contributors to the magazine consider the most influential people in the world. Barbara Kiviat describes Jobs as “great at playing the countercultural icon,” championing products like the Mac and the iPhone in face of needless industry standards; in reality he is a “canny CEO,” Kiviat argues, who “knows how to sell product.” It was Jobs and not Steve Wozniak who focused on marketing the original Apple computer, and Jobs’ efforts have led to approximately $24 billion in annual sales, supporting 22,000 workers. Stock value is said to have risen by more than 70 percent in the last year.
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As the impending 3G iPhone release approaches, rumors of its potential design, specifications, and features are abound, but some theorize that people are confusing multiple devices which could indicate an “iPhone nano”. 
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