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To be fair to Michael Dell, this is what AAPL looked like in 1997: http://bit.ly/fyjoqu http://bit.ly/fyjoqu And this is what DELL vs AAPL looked like in 1995-
by chaz 16y ago
To be fair to Michael Dell, this is what AAPL looked like in 1997: http://bit.ly/fyjoqu http://bit.ly/fyjoqu
And this is what DELL vs AAPL looked like in 1995-1997: http://bit.ly/hhKZGH http://bit.ly/hhKZGH
While Dell was clearly wrong in the long run, he was surely not the only person to believe Apple was through.
- wtallis 16y agoIt's interesting to look at those stock charts. By the end of 2004, Dell had earned back about half the share price that it lost in the dot-com bust, but its share price has never been that high since, and in fact is now about the same as when Michael Dell made this comment. By contrast, at the end of 2004 Apple's stock had recovered entirely from the dot-com bust, and has now reached almost 10 times the price it peaked at during the dot-com bubble. Of course, you can make pretty much the same comparison between Apple and most any tech company that was around during the dot-com bubble. Very few have ever recovered for any length of time, and among those who have, IBM seems to be doing best, but they're only about 20% higher than their pre-bust peak.