RadioShack outlets across the US are suffering from extremely low iPhone stock, despite the critical holiday shopping season, according to Seeking Alpha. Most models aren’t on shelves, and in many cases stores lack any iPhones to speak of, forcing people to use a “Ship to Store” option that takes several days. RadioShack doesn’t sell the iPhone on its website, which simply directs iPhone shoppers to physical outlets.
In a given example, franchise owner Gary Mahan says that his sales have dropped 30 percent year-over-year because of the shortages. He estimates that if his Oregon location had received the iPhone 6 and 6 Plus, it could’ve generated an extra $1,000 in profit during the Thanksgiving/Black Friday weekend.
It’s uncertain why RadioShack isn’t maintaining iPhone stocks, but it may be because of the company’s already severe financial troubles. It’s on the verge of being delisted from the NYSE, and could be forced to file for Chapter 11 bankruptcy in the near future.
