Crikey! Sat radio sales are slowing all over, according to Banc Of America securities analysts. Citing high gas prices and deflating hype surrounding Howard Stern's move to SIRIUS. Year-over-year satellite radio growth has slowed to 6% in May and 9% in April, down from 26% in March.
So, is the sky falling for satellite radio? Not exactly. To be fair, we're not talking about a shrinking market, just a market that's not growing as quickly as first quarter projections would have had us believe. Still, this softening market could make hitting the numbers needed to be profitable -- something neither XM or SIRIUS has been able to do so far -- more difficult.
[via Forbes]
1. I wonder what factor Sirus and Stern opening up to streaming internet will have a efffect on non hardware subscriptions.
Neal Saferstein
Posted at 11:35PM on Jun 20th 2006 by Neal Saferstein