Oct. 19 (Bloomberg) -- Ten years ago this month, Dell Inc. founder Michael Dell said Steve Jobs should ```shut down'' Apple Inc. and return the money to shareholders.
Dell then had a market value of $4 billion to Apple's $700 million. Apple's valuation has since soared to $150 billion, more than double that of its personal-computer rival. Last month, Apple passed PC leader Hewlett-Packard Co. in market capitalization for the first time.
Jobs changed Apple from a company dependent on the Macintosh computer to a consumer-electronics innovator. He introduced the iPod media player, and built sales to more than 110 million units by updating features. This year Apple entered the wireless-handset market, drawing more than 1 million customers to the iPhone at an initial price of as much as $599.
Bloomberg.com
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