UPDATE 1-RadioShack quarterly profit rises, meets views

* Q2 EPS 41 cents in line with Street estimate * Sales rise 4.7 pct to $1.01 billion NEW YORK (Reuters) - RadioShack Corp reported a higher quarterly profit, in line with expectations, as the consumer electronics chain benefited from higher postpaid wireless sales and the launch of key products like Apple's iPhone 4. The company, long speculated to be a takeover target, has shifted its focus to its wireless business to offset tepid sales of products like TV converter boxes, videogame systems and batteries.