Sirius XM reaches 20.6m subscribers

The company also reported net income of $78.1m (?47.2m) in the period, a leap of 88% from the same period 2010. Revenue was up 9% to $723.8m (?437.2m) in the quarter.

The company's targeting of the automobile market was key to this growth. The company also forecasts that it will draw in an additional 1.4m new subscribers this year.

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