The Associated Press is reporting that an analyst for Morgan Stanley has upgraded RadioShack's stock to "Overweight." The electronic retailer's shares surged today up 7.93% or $1.27 to close at $17.28.
Since they added T-Mobile in July to their wireless lineup of AT&T and Sprint, their business has started to stabilize. Verizon will be added to RadioShack's wireless offerings next year and it will only keep RadioShack's momentum going.
It is also speculated that RadioShack, will become the next exclusive retailer of Apple's iPhone. This makes sense because Verizon will be sold in RadioShack's stores nationwide next year, and it has been said that the next version of the iPhone will be available on Verizon as well as on AT&T. RadioShack currently sales Apple's range of iPods and accessories for iPhone.
Recently RadioShack started to promote it's brand with the nickname "The Shack." This move had mixed reactions but in the end, it can only help RadioShack to become relevant in the ever changing technology world.
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