Banc of America Securities analyst Jonathan Jacoby said yesterday that the NPD-reported satellite radio unit sales grew an average 2% year-to-year in July.
Those numbers are better than June - which was pretty much flat - but XM’s growth was down year-to-year by 29%, likely due to the product shortages thanks to receivers that failed to pass the FCC emissions tests.
Sirius' growth, on the otherhand, was up 49% year-to-year. Jacoby said that "Sirius has taken share on account of product shortages for XM." He also warned that, "We do NOT believe that satellite radio is out of the woods yet regarding the fallout from the FCC issue." Ugh. Say it ain't so.
Makes sense. If you don't have product to sell, you can't sell it. Hopefully, by the end of the third quarter, both companies will be beyond the FCC issues and will have plenty of radios to sell.
ok...this needs to be cleared up right away...
XM did not have product shortages! Every retailer had XM to sell. there was plenty of sportscasters, SkyFi2's, Inno's, Helix's, RoadyXT's, Nexus', and direct connects. hell i even saw plenty of MyFi's in stock. the only radio they ran out of was the audiovox xpress. throughout the past few months i even checked the .coms and they showed "in stock" as well.
the fact is Sirius is doing beter than XM.
Product shortage my arse. Rememebr when Panero said satellite sales were "softening " only to find out Sirius opened up a can of whoop ass on them ?
Now jacoby suggests...no spins.... that a product shortage has/will impact XM.
Don't buy it for a minute. Sirius is clearly taking market share.
Ask any Best Buy if they ran out of XM radios. I did, and they didn't.
Excuses excuses.
XM’s growth was down year-to-year by 29%, likely due to xm sucking and having zero talent, xm is sat radio broadcasting shit no one wants to listen to.
The only thing that is going to save xm is all the upper management must go, Hugh P GONE, Eric L GONE (Eric can't program stations into his car sterio) oh and when Sirius buys xm at blue light special rates that might help too, but then again the only reason for Sirius to buy xm is for the sat's. Then all that scary no-talent from the 170 poor sounding channels can be dismissed.