Terceiro mês de quedas na industria satélite

«Serious trouble for satellite radio
Not just for Sirius, but for XM as well. Citing data from NPD Group, Bank of America analyst Jonathan Jacoby says the year-over-year decline in retail sales of satellite radio receivers is accelerating. XM sales were down 23% in October and Sirius sales were down 26% - the first month since April 2005 that Sirius had a worse month than XM. For the entire US satellite radio industry - two companies - unit sales were down 25% in October, following drops of 12% in September and 3% in August. Jacoby is now projecting that Q4 retail sales of satellite radio receivers will be down 20% from a year ago. The analyst says Sirius will now be struggling to make its year-end target of 6.3 million subscribers and that both companies are moving increasingly to an OEM-driven model, where XM is better positioned for receiver sales in new cars. Jacoby maintains a buy rating on XM, saying the stock valuation gap with Sirius should narrow over the next 6-12 months.»

fonte: «Serious trouble for satellite radio», RBR Daily ePaper, Volume 23, Issue 224, Jim Carnegie, November 16th, 2006