The Case for Apple's Stock Price Falling to $270 is not very good:
1. Competition from Microsoft - "Microsoft’s strategy is to extend its dominance in enterprise, desktop, and notebook computing to tablets and phones." - I am sure that it is, but they have not shown any ability to execute that strategy, yet.
2. Competition from Samsung - They sell more units, but the profits are not there and that is the bottom line.
3. Web Apps vs. the App Store -