The June NPD Group satellite radio sales results are in - and while there's some continued decline with flat year-over-year retail growth overall, Sirius' retail growth was actually up from the year before.
Retail sales for the satellite radio industry as a whole were up only 0.3% YoY in June - that's down from 6% in May, 9% in April and a whoppin' 26% in March.
Sirius Satellite Radio's growth on the otherhand was up 18% YoY in June - down from 23% in May, and 54% in April.
XM didn't fair so well. XM Satellite Radio's year-over-year growth was down 18% in June - with an 8% decline in May, and down 20% in April.
Is the overall satellite radio weakness in retail an industry problem? Or does the blame soley on XM shoulders?
"Too hard to tell, and probably a little of both – especially with signs of a weakening consumer. However, XM did suffer product shortages to the company’s decision to correct the FM modulator issue. SIRI decided to wait until the end of the quarter to deal with this issue in the “dead of the summer” (despite having publicly stated that they had taken care of the problem at the end of May)," said Jonathan A Jacoby in a recent Bank of America recent report.
These numbers don't come as much of surprise considering we already saw subscriber numbers earlier this month.
Boooo Hoooo Hooo
You Sirius biased BASTARD! Uh, wait a minute.
Thanks for the site Ryan - keep up the good work.
This may not stay this way for long because of XM and Sirius's FCC incompliances. XM had theirs first(late may/early june) and now Sirius started having their issues after lying and saying they wouldn't. You can say xm this and that but the whole satellite radio industry in general hasn't had the best of years.
Hasn't had the best of years??? Are you kidding???
This has been a record year for Sirius; starting with a record 4th quarter for Satellite Radio in general! OVER 1 MIL SUBS ADDED IN ONE QUARTER!!! A Milestone! Beating XM in NPD ratings every month since Sept. 05, and coming up above all goals set by everyone. They also up'd their sub guidance, while XM lowered theirs. I would say this is a great year for Sirius, despite RIAA and FCC issues.
And there are no inventory issues with either company, this FCC problem has not truly affected anyone as of yet. You can still go online and buy all the radios off of circuitcity.com and pick it up from your local store. XM and Sirius.