I gave my opinion about expanding into the Chinese market in my opening argument. So there's no need to revisit that -- I think it's too little, too late.
As for the Apple
Best Buy recently announced a $5.5 billion share repurchase, an increase in its dividend, and an increase in the number of stores it thinks it can open. Yet the stock price did not rise back up to its pre-earnings level. The market is a discounting machine, and if those prospects are already priced in, that's not a good sign going forward. It's definitely possible that the market would be willing to give Best Buy a P/E ratio of 17 five years from now.
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Retail and Consumer Goods editor David Meier is ranked No. 6,238 out of 31,278 in CAPS and does not own shares in any of the companies mentioned. You can view his TMF profile here. The Fool takes its disclosure policy very seriously.