SiriusXM to Release New Apps

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Sirius XM teams with BOLT ON

SiriusXM said it will release new iOS and Android apps for its service during the first half of the year.

The new apps, in beta testing now, will make it easier to search through archives of SiriusXM programming and discover new content. They will also allow faster channel changing and signing in. And they will allow more frequent updates.

SiriusXM CEO Jim Meyer said, “Our apps frankly weren’t good enough and we needed to put more resources into making them better.”

The new apps are the result of a year-long effort, he said, and are in beta testing now.

The company is also looking at new household plans for its satellite radio service for families with more than one car.

SiriusXM said it had the largest new subscriber increase in its recent fourth quarter since 2007, adding 576,689 net subscribers. For the full year 2014, the company added 1.75 million net subscribers or 1.44 million self-pay subscribers, beating its original projections for 1.25 million.

Total revenue for the year were $4.18 billion with profits of $493.2 million.

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