By almost all accounts, Sirius XM SIRI is the classic American success story.
SiriusXM Satellite Radio (info for techies)
The company effectively created an industry — satellite radio — from scratch. And being the organization to develop it, SIRI has been the one to dominate that industry: The company boasts roughly 26 million subscribers nowup from only 1.
As is the case for any technology-dependent company, however, the sheer passage of time is a threat to Sirius XM. In fact, may well be the technological tipping point that makes the stock more of a liability than an asset.
Sirius XM Is Facing Some Serious Competition | InvestorPlace
To reiterate, you have to give Sirius XM a lot of credit. It created something out of nothing, and has turned a tidy profit for a few years by doing so.
There are two realities, however, that should start to worry SIRI stock owners:. With an estimated 50 million receiver-equipped vehicles on the foreign direct investment (fdi) and stock market development ghana evidence now and an estimated million such-equipped cars likely to be on the road byit would be easy to assume Sirius XM is sitting pretty.
In-dash screens had already been introduced, GPS devices were already affixed to buy radio satellite sirius stock history consoles, and it was largely assumed the melding of personal consumer technology and banc de binary binary optionsthatsuck was only a matter of time, and that time was soon.
Nobody saw the melding of an automobile and an operating system as a looming game-changer though.
What a difference two years can make. Since then, Apple has been forging partnerships with BMW, Mercedes-Benz, General Motors GMand Honda Motor Co.
Suddenly that satellite radio receiver is starting to feel a tad redundant, and less powerful than the other device hooked up to your car. Article printed from InvestorPlace Media, http: Financial Market Data powered by FinancialContent Services, Inc. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
XM Satellite Radio - Wikipedia
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