According to The Motley Fool, it may seem like an odd week
for the satellite radio giant to hit its highest levels since the springtime of
2008. CC Media's Clear Channel improved the talk content features for its iHeartRadio
Talk app on Monday. And Apple Inc. announced Tuesday that iTunes Radio would
roll out with next Tuesay's iOS 7 update.
Howoever, the mobile audio market is growing, and more
easily accessible alternatives could mean more competition for the attention of
potential SiriusXM Radio subscribers.
Then again, Sirius XM investors may argue that there's no
reason to fear the threat of either company. iHeartRadio's been around for
years, and Sirius XM has still grown to top 25-million subscribers this year.
SiriusXM has also seen encouraging auto sales, and that's
ultimately more important than a lot of the distractions happening on the
streaming end of the market.
No comments:
Post a Comment