Editor’s Note: Related Tickers: Sirius XM Radio Inc (NASDAQ:SIRI), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN)
Sirius Tops 10,000 Used-Car Partners (DailyFinance)
Sirius XM Radio says it has just passed the 10,000 mark on the number of auto dealers participating in its “SiriusXM Pre-Owned Vehicle Program.” Sirius XM Radio Inc (NASDAQ:SIRI) announced the milestone Wednesday morning, saying members of the program are eligible to give buyers of their used cars a three-month subscription to SiriusXM satellite radio service, assuming the vehicles are already factory-equipped with a satellite radio system. Sirius said seven of the top 10 franchised auto dealer chains in the nation are part of its network, helping to broaden its reach to more potential subscribers to its service.
This past week, the shares of Sirius XM Radio Inc (NASDAQ:SIRI) dropped more than 11% from the post merger high of $3.63 reached in the last week of May to a low of $3.21 before closing at $3.29 on Thursday. There are all sorts of explanations for the drop, including the announcement of Apple Inc. (NASDAQ:AAPL) Computer’s venture into the crowded field of Internet radio. While Sirius XM offers commercial free music, advertising based alternatives, will be attractive to many potential Sirius XM subscribers. And, before everyone starts screaming about the exclusive content of Sirius XM, it should be remembered that the content is only exclusive for the duration of the contract. If Apple Inc. (NASDAQ:AAPL) were to view sports programming as an opportunity, would Sirius XM Radio Inc (NASDAQ:SIRI) be able to compete – or even want to?
Sirius XM Radio Inc (SIRI) Is Alright — For Now (Insider Monkey)
As part of its iOS 7 unveiling, Apple Inc. (NASDAQ:AAPL) announced that owners of particular automobiles would soon be able to beam a version of their iPhone’s interface directly to their vehicle’s touch-screen. This feature, combined with Apple’s upcoming iTunes Radio, has left some assuming the worse for Sirius XM Radio Inc (NASDAQ:SIRI). While I agree that Sirius XM could be challenged over the very long-term, the company has a number of unique value-adds that should prevent it from been pressured anytime soon. Last quarter, the company reported that it had 24.4 million subscribers, its most ever. The ongoing recovery in the US auto market may be benefitting Sirius, as it has a deal in place with most major automakers — Sirius is often included free for a limited time with new car purchases (and even some used).
SIRIUS XM Radio Inc. (NASDAQ:SIRI) and Amazon.com Inc. (NASDAQ:AMZN) Added to Equity Profile Report’s NASDAQ Gainers Watch List. (SBWire)
Equity Profile Report expands its NASDAQ Gainers Weekly Watch List adding Sirius XM Radio Inc (NASDAQ:SIRI) and Amazon.com, Inc. (NASDAQ:AMZN). SIRIUS XM Radio Inc. a company that provides satellite radio services in the United States and Canada is currently up (+2.60%) on 50,924,904 shares traded after Sirius XM Hosted Tina Sinatra For Father’s Day. Sirius XM Radio Inc (NASDAQ:SIRI) is currently up (+86.11%) from its recent 52-week low which has prompted Equity Profile Report to add the stock to their NASDAQ Gainers Watch List.
