Amid the euphoria of the present multi-year run and unprecedented expectations, AAPL bulls refuse to consider factors that can influence and should tip us off about that long-term picture.

FORBES: Apple Fine Without Jobs? Think Different

News and downward pressure from Europe has driven Apple ( AAPL) and the major US stock indices sharply lower, but a potential short-covering rally could present select new buying opportunities.

FORBES: Europe Did Spoil Apple's Party

To understand how this works, let us imagine that Apple (NASDAQ:AAPL) develops a perfectly fragmented and disintegrated Web TV-supply chain: Every activity from the new TV-concept development, to design, manufacturing, marketing, and so on can be performed by independent subcontractors.

FORBES: The Unintended Consequences of Outsourcing