This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Apple Will Not Crush Sirius XM

Stocks in this article: SIRI AAPL

NEW YORK (TheStreet) -- I spend a considerable amount of time tooting my own horn. Looking back on contrarian opinions that turned out amazingly well.

While I do take more mea culpas than most people in this line of work, I'm overdue for one with respect to Sirius XM (SIRI).

Simply put, throughout 2011 and 2012, I missed horribly on the company as well as the stock. And I don't think the future, at least not in my lifetime, will shine brightly on days gone by predictions of doom for Sirius XM.

I don't understand the ins and outs of Sirius's abusive relationship with Liberty Media (LMCA) as well as TheStreet's Richard Saintvilus does so I can't rip him too hard for his take on the situation. However, I can take exception with some of the knocks he has against Sirius XM, the business and consumer service, in the above-linked article.

Whenever Apple (AAPL) enters the conversation things get murky. That's because, much of the time, Apple probably shouldn't even enter the conversation.

Apple's "CarPlay" is no more of a threat to Sirius XM than Pandora (P) is or the iPod was. Today, most people use their iPhones (and other smartphones) like iPods. And, even still, Sirius XM remains strong and stable. The IBM (IBM) of all media companies if you will.

They're not too sexy. They don't generate headlines (unless Howard Stern does something newsworthy). And they're probably not the most dynamic and innovative company digitally and technologically. But they remain a surprisingly refreshing option on the dashboard.

So let's not confound Apple's CarPlay and Sirius XM. They're two completely different things.

CarPlay, for all intents and purposes, is iOS for your dashboard. In some respects, Apple would like to make iTunes Radio the default option for radio/music listening in the car, however it treads lightly and will continue to tread lightly in this respect.

Apple's not boxing every other piece of content out of the car. That would be a dumb move. People like their apps -- such as the ones above -- and, by removing them, Apple would likely trigger a backlash it has no desire to deal with. Because, and this is key, Apple is not a content company.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs