p.s. Nortel never actually made a profit...Apple has been growing its profits very nicely over the last 5 years. They hit a speedbump last year with a slight profit decline, but 2014 so far has been off to a really good start.
In fact, during each of Apple's Q1 2014 and Q2 2014, it earned more than Intel has signaled it would earn during during the year.
Do you really want to call Apple a bubble when it is a cash-flow generating machine?