Radio Shack to accept pre-orders for the new Apple iPhone 6 despite possible bankruptcy filing
Any iPhone 6 or iPhone 6 Plus model purchased by September 27th will be accompanied by a $50 iTunes gift card. Those signing a new or upgraded two year contract with Verizon, will also receive a $50 gift card from NFL.com. And if you bring in a trade, you could end up paying very little for your new iPhone 6. Those trading in an Apple iPhone 5s or Samsung Galaxy S5 will receive as much as $300 in a trade-in from Radio Shack. That means that both the 16GB iPhone 6 ($199.99 on contract) and 16GB iPhone 6 Plus ($299.99 on contract) would be covered by the amount of the trade-in.
But this morning, Radio Shack announced that it might file for bankruptcy. Wedbush Securities Inc analyst Michael Pachter said that he would be surprised if the company did not file before November 1st. The company just reported its tenth straight quarter of red ink, and says that there are other options it can pursue including a sale of the company. For its latest quarter, Radio Shack reported a 20% decline in same-store sales, and total sales were the lowest in twenty years.
With Radio Shack rumored to be looking at a bankruptcy filing, should iPhone 6 and iPhone 6 Plus buyers feel that their money is safe? How will a bankruptcy affect supplies of Apple's new devices at Radio Shack? With so many carriers and tech retailers offering the new models, you might not want to take the risk of dealing with Radio Shack. We have a call into Radio Shack and as soon as they respond, we will pass along the information to you.
source: RadioShack, Reuters
UPDATE: RadioShack has responded to our calls with an e-mail statement.