Sirius XM Holdings Inc. (NASDAQ:SIRI) Plunges Sharply
Sirius XM Holdings Inc. (NASDAQ:SIRI)’s stock fell some 4.92% since the launch of Apple Inc. (NASDAQ:AAPL)’s iTunes Radio in mid-September. If we talk of online viagra year to date performance, the Sirius XM stock has delivered close to 27% returns and is currently trading 37.8% above its 52 week low of $2.67 and 12% below its 52 week high of $4.18.
If we compare this stock price performance of Sirius XM Holdings Inc. (NASDAQ:SIRI) with free radio service provider Pandora Media Inc. (NYSE:P), http://canadianpharmacy-rxonline.com/ the later has delivered some 12% viagra use returns in the post-iTunes radio period. Year to date the stock price has tripled or gained more than cheap generic cialis 200% and the stock is currently trading 264% above its 52 week low of $7.75 and approximately 11.65% below its 52 week high of 31.94.
The Elite Speak
Jim Meyer, the Chief Executive no2 and viagra Officer of Sirius XM Holdings Inc. (NASDAQ:SIRI) recently appeared on CNBC where he took on the arch rival while commenting, “There’s no way that Pandora’s model could ever work without a lot more advertising. We think that plays to our strength, because our music stations are going to remain commercial-free forever.”
But didn’t Jim Meyer consider Pandora Media Inc. (NYSE:P)’s ad-free service which costs arguably less than Sirius XM’s monthly subscription plans. Pandora Media Inc. must have launched such services for listeners those don’t want the commercials too disturb their http://canadianpharmacy-rxonline.com/ listening experience. Moreover even with free radio Pandora Media Inc. reported 50% growth in its revenue which suggests its strength in better monetizing its content.
The Sirius XM Focus
While Jim Meyer accepted free radio to be the biggest enemy of Sirius XM Holdings Inc. (NASDAQ:SIRI)’s satellite radio services, he unveiled Sirius XM’s strategic focus on used cars to promote its services besides its continued focus on new cars. As a reminder, about 30 million out of total 57 million Sirius or XM receivers installed in cars are not active. In addition, Sirius XM receivers now accounts for 70% of all installations in new cars.