“What would I do? I’d shut it down and give the money back to the shareholders.”
Michael Dell said that about Apple 10 years ago.
Pretty, pretty…bad advice!
Philip Elmer-DeWitt reports:
Apple’s (AAPL) market capitalization today is more than double that of Dell (DELL):
Apple: $140.4 billion
Dell: $62.27 billion
But don’t shed a tear for Micheal Dell. According to a list of the 400 wealthiest Americans published last month, his net worth is more than triple Steve Jobs’.
Michael Dell: $15.5 billion
Steve Jobs: $4.9 billion
I’m not crying for either one but I just finished syncing my iPod with my MacBookPro. Apple marketing is brilliant but the company is very far from perfect. Apple’s brand is eroding and it missed a huge opportunity to make more headway into the business market because it insists on pursuing a broken distribution model.
Are you a better fortune teller than Michael Dell? Please let us know where you think Apple and Dell will be in 2017.