Nov. 9 (Bloomberg) -- RadioShack Corp., the second-largest U.S. electronics chain, climbed to its highest level in two years in U.S. trading after announcing plans to start selling Apple Inc.’s iPhones in the U.S. next year.

The Forth Worth, Texas-based retailer surged $2.55, or 14 percent, to $20.29 at 10:50 a.m. in New York Stock Exchange composite trading, after reaching $20.57, the highest intraday price since November 2007. The shares had gained 49 percent this year before today.

Selling iPhones builds upon Chairman and Chief Executive Officer Julian Day’s push to sell more mobile phones. The introduction of T-Mobile USA Inc.’s products and services in RadioShack stores and Verizon Wireless at the retailer’s kiosks in Wal-Mart Stores Inc.’s Sam’s Club membership warehouses helped bolster third-quarter sales, the company said Oct. 26.

“The iPhone is another significant vote of confidence for RadioShack’s wireless business,” Stephen Chick and Anne McCormick, analysts at FBR Capital Markets Corp. in New York, wrote today in a note to clients. They rate the stock “outperform.”

RadioShack, said in a securities filing after the markets closed on Nov. 6 that it will sell the iPhone 3G and iPhone 3GS in some of its stores in the Dallas-Fort Worth and New York metropolitan areas beginning this month.

To contact the reporter on this story: Chris Burritt in Greensboro, North Carolina, at cburritt@bloomberg.net

Last Updated: November 9, 2009 11:02 EST