RadioShack Learns Apple Is the Meal That Eats You
Electronics reseller RadioShack has made headlines of late because it plans to close over 1,000 stores. Like many retailers, RadioShack is having trouble finding its way in the post-Amazon world, but is there more to the story than that.
In the US, iPhone, iPad and iPod very much dominate. So, as a matter of necessity, RadioShack sells most if not all of Apple’s non-desktop products.
However, the company’s relationship with iPhone maker is complicated by the simple fact that Apple is also a direct competitor in retail. That said, RadioShack’s market share has declined markedly over the years as Apple has increased its piece of the retail electronics biz.
Further, according to MarketWatch, RadioShack has a smaller share of a declining market — retail electronics sales shrank from $109.9 billion in 2007 to $95.9 in 2013.
“The Shack” doesn’t publish what share of their sales come from Apple products. Nevertheless, RadioShack’s relationship with the iPhone maker must be, at best, bittersweet…
What’s your take?