Apples now Outvalues Dell
Can’t you just taste the hype?
MacDailyNews – Apple and Mac News :
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.”
Last year Apple made $1.3B on $14B revenues, and showed some increadibly strong earnings growth, while Dell has continued steady revenue and earnings growth through the previous four years ($3B earnings on $49B revenue). I still can’t imagine Apple being able to sustain the momentum it currently enjoys: if I had a choice, I’d own Dell over Apple.
Both have strong brands, but Dell has survived in the face of strong competition (and has a sustainable advantage in its lauded supply chain), whereas Apple is reliant on fickle consumers buying today’s hottest toy – We’ll see what happens when Apple sees its first real competitors emerge.
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“whereas Apple is reliant on fickle consumers buying today’s hottest toy”… You said it brotha!
I was wrong (for now at least)