Sirius Launches iPhone App but Does it Matter

Sirius XM (SIRI), the satellite radio company, launched a new application for Apple’s (AAPL) iPhone and iPod touch sending the stock soaring as it jumped 23% around 40 cents a share. This doesn’t make Sirius XM a great buy however investors as the company still has many unanswered questions. One they are struggling to keep subscribers and attract new ones due to the high costs associated with the product. In current times with a struggling housing market, rising unemployment, and overall weak economic outlook many consumers cannot justify the extra costs associated. Another problem is they have not been able to compete with Pandora Music, the free online radio station, who too created an Apple application and has taken a large portion of the radio market share by storm. To me this all are big concerns with Sirius XM partly why I will not put any money within the company until I see some strong future plans. They are so many better stocks out there why waste my funds on this one.

Commodities Rise Again

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