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XM reaches 200,000 subscribers
Posted: Thu, Oct 3, 2002, 7:50 AM ET (1150 GMT)
XM Satellite Radio passed the 200,000 subscriber mark in the third quarter of 2002, the company announced this week. The company ended the quarter on September 30 with 201,500 subscribers, meeting the company's goals for the quarter. The company said it is on track for reaching 350,000 subscribers by the end of 2002 despite the "unusually soft" consumer electronics market. XM, which has relied on deals with automakers and consumer car stereo sales for its subscribers, also announced plans to sell a portable "boombox" version of the satellite radio system for $200 starting later this year.
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