Best Buy Temporarily Halts Non-Reserved Apple iPad 2 Sales



By Cecile Vannucci, Bloomberg

Best Buy Co., (NYSE: BBY) the largest consumer electronics retailer, is temporarily restricting sales of some Apple Inc. (AAPL) iPad 2 tablets as it confronts supply shortages and prepares for an undisclosed promotion.

While the retailer is still receiving iPad 2 devices from Apple, it’s holding onto “non-reserved” inventory of the device, Paula Baldwin, a spokeswoman for Best Buy, said in an e- mailed statement. She didn’t detail the planned promotion.

“This is a customary practice for us when there are supply constraints,” she said. “Best Buy enjoys a great partnership with Apple.”

Read More…