XM Satellite Radio (Nasdaq: XMSR – News) announced today it has signed up 483,075 subscribers, furthering its march to one million subscribers and solidifying its market leadership in digital satellite radio. XM added more than 135,000 subscribers in the first quarter of 2003.
“XM started 2003 on a very strong note,” said XM President and CEO, Hugh Panero. “The company’s accelerated subscriber growth is fueled by the critically acclaimed Delphi XM SKYFi Radio, which is penetrating the home, portable and automotive market, and XM’s availability in new General Motors’ vehicles.”
“In the face of a sluggish economy, XM’s ability to attract new listeners and its overall performance continue to be exemplary,” Panero added. “Clearly, the critical milestone of one-half million subscribers is visible on the horizon and we will reach it shortly.”
As a portable complement to XM’s best-selling automotive and in-home units, the new Delphi SKYFi “boom box” satellite radio has experienced outstanding sales helping to spur the large numbers of loyal, new customers signing up with XM.