Best Buy has finally put to rest the issue that Apple has blacklisted the company for messing up iPad 2 sales by issuing an official statement.

Best Buy LogoThe specialty retailer said, “Best Buy continues to receive iPad 2 inventory from Apple on a regular basis. As we’ve said previously, we are fulfilling customer reservations first. Our stores have been asked to temporarily hold on-reserved iPad 2 inventory for an upcoming promotion.”

Many are left wondering what this upcoming promotion is. Is this because CrunchGear reported that Apple has banned them for selling iPad 2 and they need to cover their behinds? Best Buy allegedly informed their customers that Apple’s latest gadget is out of stock when the truth is the inventory is just stored in the back.

Apple remained mum on the subject while Best Buy said that it still “enjoys a great partnership with Apple and we’re delighted by customer response to iPad 2.” The collaboration started when they joined forces in launching Apple’s original tablet last year.

Best Buy is just one of retailers selling the iPad 2 just like Target & Wal-Mart and wireless network outlets (Verizon and AT&T). All over the world, merchants encounter supply scarcity and the earthquakes from Japan may be another reason for the lack of parts and supply.

Do you think that Best Buy restricted sales because of supply shortages or there really is an “upcoming promotion”? Is the holding of  non-reserved iPad 2 inventory really temporary?