XM Satellite Radio Exceeds 2.5 Million Subscribers in Q3

XM Satellite Radio Exceeds 2.5 Million Subscribers in Q3
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XM Satellite Radio said it has surpassed 2.5 million subscribers, adding more than 415,000 net new subscribers in the third quarter. The satcaster says it is on track to exceed 3.1 million paying customers by the end of the year.
Although XM was pleased with aftermarket and new car radio sales, "aftermarket sales
during the quarter would have been higher, but for a temporary reduction in Delphi XM Roady2 receiver production during a four-week period in the quarter while a low-yield component was being replaced," said XM President/CEO Hugh Panero. "Roady2 production returned to normal capacity in late August," said Panero.
The XM Delphi SKYFi2, with the 30-minute replay/pause feature, as well as a built-in FM modulator and individualized sports and stock updates, is in production and will be available in significant quantities at retail during the fourth quarter, according to XM. Audiovox will also introduce a new XM plug-and-play radio during the fourth quarter.