The Big Bad Bite of the Apple

In October 1997, Michael Dell, CEO and founder of Dell Computer (s DELL), when asked about what would he do to fix Apple (s AAPL), 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 the trading day today Apple had a market capitalization of $235 billion (roughly $259 a share) behind only Exxon and Microsoft (s MSFT). Dell, in sharp contrast ended the day with a market capitalization of $33 billion. Look who’s laughing now!
Nokia (s NOK), another company whose executives mocked Apple, now has a market cap of $55 billion. As for Google — it ended the day with a market cap of $175 billion. Palm (s 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 the iPhone as a toy, will be lapped by Steve Jobs & Co?
Related: GigaOM Interview with Michael Dell.