Morgan Stanley cuts Radio Shack, notes Apple’s iPhone won’t be sold at Radio Shack stores

“Morgan Stanley cut electronics retailer RadioShack Corp. to underweight from equal-weight, saying that although margin expansion and free cash flow improvement are likely to due to the current restructuring efforts, wireless fundamentals and the company’s top line remain ‘suspect,'” Aude Lagorce reports for MarketWatch.

“The broker noted that Apple’s iPhone will be sold through Cingular and Apple stores and not RadioShack [which] continues to suffer from the shift to pre-paid from post-paid handsets. ‘As Sprint/Nextel loses share, Cingular promotes the iPhone exclusively though Apple and Cingular stores, and prepay gains share from postpay. 30% of RadioShack’s business could shrink much faster than the market expects,’ the broker concluded,” Lagorce reports.

Full article here.

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17 Comments

  1. I was in a Radio Shack the other day, and I overheard someone who wanted to pay their Nextel bill. They found out that they had to pay a fee to pay a bill. Do I need to repeat that? They were charged to pay for something.

  2. I saw a radio shack in the middle of the Sahara Desert. There were two guys, in ties, and no customers.

    I was amazed.

    this is not true. Some of you are sarcasm-challenged, and some are satirically-challenged.

  3. @TT

    “ok, in their defense, where else you gonna get a Zener diode at 8:30PM?”

    Steal it out of your neighbor’s TV, it obvious ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

  4. About a year ago my son was taking a class in electronics and had to purchase a set of test leads for an oscilloscope. We went to Radio Shack and asked the proprietor if they carried the test leads. He didn’t even know what an oscilloscope is.

    There was a time when Radio Shack personnel actually knew something about electronics. Over the years they became more of a finished goods store than a components supply house. Yes, TT you are quite right in asking where to go when you need a special component or patch cord. I suspect you know that you’re entirely on your own when you do so. Personally if I have the time, I’ll buy from Digi-key.

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