A decade-plus-long bubble full of tremendous growth in the sales of actual products. So, not exactly a traditional bubble.

Yet even when these factors are taken into consideration, there exists no justification and no hard evidence suggesting that Apple can hold its position as the world's most valuable company over the long-term.

No hard evidence other than an unprecedented track record of success and a huge pile of cash. Who are you going to believe: Clem Chowder or your lying eyes?

Market reaction to the most recent quarterly figures released by the company underline the painful truth that to maintain its current valuation, Apple must keep up its chain of product hits.

Yes, as :