Apple’s market value soars past Dell’s
Posted by Dennis Sellers 
Oct 19, 2007 at 11:17am
Sometimes your words can come back to haunt you. Ten years ago this month, Dell founder Michael Dell said Steve Jobs should “shut down’’ Apple and return the money to shareholders. Dell then had a market value of $4 billion to Apple’s $700 million.
However, Apple’s valuation has since soared to US$150 billion, more than double that of its personal-computer rival, notes Bloomberg.. Last month, Apple passed PC leader Hewlett-Packard in market capitalization for the first time.
CEO Jobs may say annual sales surpassed $20 billion for the first time in the company’s 31-year history when he reports results for the year and fourth quarter on Oct. 22. Apple’s profit for the year probably topped $3 billion, according to the average estimate of 11 analysts surveyed by Bloomberg.
Sales for the quarter ended Sept. 29 may have jumped 24 percent to $6.01 billion, fueled by back-to-school demand, the survey found. Profit may have climbed to 84 cents a share from 62 cents in the year-earlier quarter.
Submissions are being taken for the “Macsimum Macworld San Francisco 2008 Coupon Book.” For details email Dennis at daseller@earthlink.net
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
