Sirius XM (SIRI) blamed the plummeting U.S. auto industry for its first-ever quarterly subscriber decline this week: During the first quarter, Sirius lost 400,000 net satellite radio subscribers, finishing March with 18.6 million subs.
But Sirius XM’s growth rate has been sliding for years. As the car industry continues to sink — and competition intensifies — it’s going to be even harder to find new customers.
Follow the Chart Of The Day on Twitter: www.twitter.com/chartoftheday
Get This Delivered To Your Inbox
You can get this dropped in your inbox every afternoon as The Chart Of The Day. It’s a simple. It’s convenient. It’s free. All we need is your email address (though we’d love your name and state, too, if you’re willing to share it). Sign up below!