Refurbished iPhone 4S starts at $100, courtesy of RadioShack

2. mas11 posted on 25 Jul 2012, 00:58 1 1

They are also selling BRAND NEW DROID RAZR's for the same price. The DROID RAZR comes with 4G Lte, a 4.3" screen, a full GB of RAM and a 1.2 GHz Processor. Sure the next iPhone will likely have 4G Lte and a GB of RAM, but you can get it now for only $99.
http://www.radioshack.com/category/index.jsp?categoryId=4235714

7. darkvadervip posted on 25 Jul 2012, 05:35 1 0

This article ain't about android or price comparison. Let it rest! Either buy the phone or not.

8. CapedCrusaderRobin posted on 26 Jul 2012, 18:20 0 0

they need to sell as many iphones as possible, biz wise they are hurting !

RadioShack stock hits all-time low after retailer reports unexpected quarterly loss

Read more:http://www.nypost.com/p/news/business/one_shaky_shack_P7YqB1chHAPorCBjCmBYzN#ixzz21m2H79sF

http://www.nypost.com/p/news/business/one_shaky_shack_P7YqB1chHAPorCBjCmBYzN

Memo to retailers: iPhones and profit margins don’t mix.

RadioShack shocked investors yesterday with an unexpected quarterly loss that sent its shares to an all-time low — and the company blamed its short-circuited margins on Apple’s iPhone.

Shares of the struggling electronics chain tumbled 29 percent to close at $2.60 — their lowest level in more than three decades on the stock market.

Immediately, fresh questions about RadioShack’s future surfaced.

“The iPhone is a huge, huge part of the problem,” according to Anthony Chukumba, an analyst at BB&T Capital Markets, who in March slashed his profit forecasts for Radioshack on iPhone-related concerns.

On the positive side, iPhones are luring more shoppers to RadioShack outlets, which have been losing customers to fast-growing competitors like Amazon.

But iPhones also carry skimpy margins compared to other, less popular smartphones, Chukumba told The Post.

The Fort Worth, Texas-based chain’s gross margin on a Motorola Droid RAZR phone, for example, is about 33 percent, while its margin on a BlackBerry Bold is about 40 percent, according to BB&T.

The iPhone, however, carries a gross margin of just 14 percent, as the retailer, as well as wireless carriers AT&T, Verizon and Sprint, are forced by Apple to subsidize the purchase price.

Second-quarter gross margins got squeezed to 37.8 percent — a heart-stopping drop from 45.9 percent a year ago.

RadioShack suspended its dividend after 25 years as it looks to refinance its debt.

In a conference call with analysts yesterday, CEO Jim Gooch said the chain will carry the new iPhone slated for launch this fall. Margin pressures will likewise continue, Gooch admitted.

RadioShack lost $21 million, or 21 cents a share, in the second quarter, compared with net income of $24.9 million or 24 cents a share, a year earlier.

Sales rose 1.2 percent to $953.2 million, but missed Wall Street’s forecast of $970.4 million.

Read more:http://www.nypost.com/p/news/business/one_shaky_shack_P7YqB1chHAPorCBjCmBYzN#ixzz21m29cQuz