RBC analyst David Bank is estimating weaker subscriber additions for XM Satellite Radio for the second quarter. According to Forbes, the street expects additions of 420,000 to 440,000 subscribers in the second quarter, versus Bank's estimate of 420,000 XM subscribers.
By contrast, Bank is estimating a whopping 589,000 subscribers in the second quarter for Sirius.
Bank figures that XM's estimated weakness is caused by lower promotional activity and inventory issues caused by the recent FCC regulatory issues. Time will only tell how much these factors actually affected retail sales.
XM has just announced the REAL numbers for 2Q06:
....they have added 398,000 new subscribers for the second quarter of 2006, bringing the total amount of XM subscribers to 6.89 million. This is quite a bit lower than many analysts estimated. Orbitcast.com points out during Q106, XM added 568,000 subscribers.
Get more via Forbes.com and Orbitcast.com