Peloton To Introduce Lower-Priced Treadmill, Higher-Priced Exercise Bike
PYMNTS
SEPTEMBER 4, 2020
Sources told the news service while the startup offers the cheaper treadmill, it will introduce a more expensive stationary exercise bike and cut the price of its existing bike. CEO John Foley told analysts during call that the pandemic will change consumers’ exercise routines for the long term. Total revenue grew 66 percent to $524.6
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