Apple's market value double Dell's
updated 01:45 pm EDT, Fri October 19, 2007
Apple worth double Dell's
Michael Dell's recommendation to Steve Jobs that "shut down (Apple) and return the money to shareholders" ten years ago has become increasingly preposterous. At the time, Dell had a market value of $4 billion to Apple's $700 million, but the Cupertino company's market value has since skyrocketed to $150 billion, more than double that Dell's current valuation. In fact, Apple has now surpassed Hewlett-Packard in market capitalization for the first time ever. Bloomberg reports that Apple may reveal annual revenues of more than $20 billion for the first time in the company's 31-year history when fourth quarter results are issued on October 22nd.
In early trading Friday, Apple's shares rose beyond $173, having more than doubled this year.
During the fourth quarter earnings revelation, Apple also will disclose for the first time its share of the $60 to $220 monthly in fees AT&T receives for providing iPhone service. Analysts' estimates of Apple's commission range from $6 to $15 per subscriber a month.
Analysis firm Pipper Jaffray believes that Apple will be missing a marginal amount of revenue from the sale of unlocked iPhones when it reports quarterly results for its fourth (September) quarter on October 22nd.
Meanwhile the iPod continues to account for 70 percent of media-player sales in the U.S, Mac shipments have topped 1 million units for 11 straight quarters, and Apple's PC market share in the U.S. increased to 8.1 percent from 6.2 percent in the third quarter according to Gartner Inc.
Typo
10/19, 02:01pm reply
From 700 Million to 150 Billion? Somehow, I expect that if Dell was at 4 Billion back then, then it's more likely that Apple is at 15 Billion now.
njfuzzy
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Joined: Apr 2001
150 b looks correct
10/19, 02:12pm reply
http://finance.google.com/finance?q=aapl
jameshays
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Joined: Mar 2003
Dell is at 64B
10/19, 02:13pm reply
http://finance.google.com/finance?q=NASDAQ%3ADELL
jameshays
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Joined: Mar 2003
no that is right
10/19, 02:14pm reply
Here is a report from 2006 when it surpassed Dell
http://macdailynews.com/index.php/weblog/comments/8206/
and since the stock has doubled the market valuation would double as well in the past yeat
chadpengar
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Joined: Oct 2001
not a typo
10/19, 02:19pm reply
Apples market value is around $150 Billion. Dell's is right around $65 Billion right now.
Take the current outstanding shares of AAPL (869.6 Million) times the current price (about 173) to get over 150 Billion dollars.
Considering todays volume is already around 30 million, thats about 5 billion dollars of AAPL already traded today.
AAPL company profile: http://www.cnbc.com/id/15837280?q=aapl
DELL company profile: http://www.cnbc.com/id/15837280?q=dell
jedi1yoda1
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Joined: Dec 2001
Hey Michael
10/19, 02:26pm reply
If I were you I'd give back your investors money and close down your business.
TheCrow
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Joined: Feb 2006
Aren't we fast??
10/19, 02:32pm reply
Obviously, njfuzzy hasn't followed AAPL stock lately... and there are quite a few here to enlighten him here.
Having surpassed DELL is so last year; surpassing HP is so last month. Surpassing Intel and IBM, now that's when the stuff will get interesting. If we continue (more or less) along this path, that will happen in a few weeks. Then, Google is right around the corner ($202B). MWSF in January might just be an occasion for that to happen. And, if all works well enough, Microsoft (currently $291B). Perhaps next Christmas?
vasic
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Joined: May 2005
I actually do follow AAPL
10/19, 02:36pm reply
I actually do follow AAPL-- most of my meagre retirement savings are in AAPL in an IRA, and I have been successfully day trading my way to more for a few years now. I didn't realize AAPL had gone up by a factor of 200 though. (700 million to 150 billion.)
njfuzzy
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Joined: Apr 2001
Joe
10/19, 03:07pm reply
Take into account the CPI from 10 years ago when comparing these values. That will explain the higher numbers. 150 billion sounds about right
lamewing
Forum Regular
Joined: Aug 2004
MacNN is a little late...
10/19, 03:36pm reply
Apple's market value has been MORE than double Dell's market value for a long time now. As an Apple stockholder, I watch the stock price and market value every day.
howiethemacguy
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Joined: Sep 2007