XM Satellite Radio said it added more than 540,000 new net subscribers during the first quarter of 2005, bringing the total number of XM subscribers to 3.77 million. The subscriber gain represents a 68 percent increase compared to the number of new net subscribers in the first quarter of 2004.
“This was the best first quarter in the history of XM,” Hugh Panero, president and CEO of XM Satellite Radio, said in a prepared statement.
In other XM news, Reuters reported that an XM Satellite Radio executive revealed at a Banc of America investors conference that the satellite radio service provider is looking to integrate its service into a variety of consumer electronics devices, including MP3 players, video game consoles, DVD players and clock radios. It is not the first time that a satellite radio executive talks about expanding satellite radio’s reach into more consumer electronics, particularly the MP3 player market. Sirius Satellite Radio earlier this year confirmed that it had met with Apple to see if it could get Sirius onto Apple’s iPod.
