XM Satellite Radio, America's leading satellite radio service, ended the third quarter with 201,500 total subscribers,
hitting the company's projections despite an unusually soft consumer electronics market in the third quarter. XM also initiated its factory-installed rollout in 25 General Motors 2003 models and unveiled its second-generation radio, the Delphi XM SKYFi, which offers the most advanced features of any satellite radio on the market today, retailing for $199 MSRP including antenna.
"We have achieved our subscriber guidance for the fourth straight quarter despite a soft consumer electronics market and are on track to hit our year-end guidance of 350,000 subscribers," said XM president and CEO Hugh Panero. "We're bolstered by what is truly the second launch of XM in new vehicles from General Motors and other automakers like Nissan and Honda."
