Bad news for Palm today as Radio Shack is reportedly dumping its inventory and washing its hands of the Palm Pre and the Pixi. The two webOS handsets have disappeared from Radio Shack’s website and inventory at brick and mortar stores is said to be dwindling. According to CL King analyst Lawrence Harris, Radio Shack retail locations are reportedly limited to quantities on hand with no future shipments expected. Traditionally, Radio Shack has been a strong supplier for Sprint and such a radical withdrawal is bad news for Palm. This unfortunate turn of events is not completely surprising. It was predicted by Canaccord Adams analyst Peter Misek who wrote, rather prophetically, last month “we believe Palm’s troubles will only accelerate as carriers and suppliers increasingly question the company’s solvency and withdraw their support.”Â Neither Palm nor Radio Shack have publicly commented on the matter. Guess that means we’ll have to wait with bated breath to see whether Palm manages to survive its latest and most concerning freefall.
[via All Things Digital]