{"id":538776,"date":"2010-04-21T23:30:58","date_gmt":"2010-04-22T03:30:58","guid":{"rendered":"http:\/\/gigaom.wordpress.com\/?p=115115"},"modified":"2010-04-21T23:30:58","modified_gmt":"2010-04-22T03:30:58","slug":"the-big-bad-bite-of-the-apple","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/538776","title":{"rendered":"The Big Bad Bite of the Apple"},"content":{"rendered":"

\"\"In October 1997 Michael Dell, CEO and founder of Dell Computer when asked about what would he do to fix Apple, he quipped<\/a>: “What would I do? I’d shut it down and give the money back to the shareholders.”<\/p>\n

Well after posting record revenues and record profits yesterday<\/a>, at the end of trading day today Apple had a market capitalization of $235 billion (roughly $259 a share) behind only Exxon and Microsoft. Dell, in sharp contrast ended the day with a market capitalization of $33 billion. Look who’s laughing now!<\/em><\/p>\n

Nokia, another company whose executives mocked Apple now has a market cap of $55 billion. As for Google – it ended the day at $175 billion. Palm, another company that doubted Apple’s renaissance is up for sale and is worth about $820 million on the stock markets. Which makes me wonder if Microsoft, whose CEO once dismissed an iPhone as a toy will be lapped by Steve Jobs & Co?<\/p>\n

Related: GigaOM Interview with Michael Dell<\/a>.<\/p>\n

\"\"<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

In October 1997 Michael Dell, CEO and founder of Dell Computer when asked about what would he do to fix Apple, he quipped: “What would I do? I’d shut it down and give the money back to the shareholders.” Well after posting record revenues and record profits yesterday, at the end of trading day today […]<\/p>\n","protected":false},"author":674,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-538776","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/538776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/674"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=538776"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/538776\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=538776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=538776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=538776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}