Peloton Introduces Peloton Bike+ and Tread to its Portfolio | Financial Buzz

Peloton Introduces Peloton Bike+ and Tread to its Portfolio

Peloton (NASDAQ: PTON) introduced the Peloton Bike+ and new Peloton Tread, expanding its product suite to offer more ways for people to access home fitness. The Bike+ will be available starting on September 9th within the United States, Canada, United Kingdom and Germany.  The Peloton Tread is expected in the U.K on December 26th, 2020, United States and Canada in early 2021 and Germany later in 2021.  The Peloton product suite will include two bike models and two tread models to offer members new ways to combine cardio and strength training while adding more affordable entry points to experience Peloton. 

“When we launched Peloton, we knew we were onto something special. Now, eight years later, we have a passionate global community of 2.6 million Members, and we feel like we’re just getting started, in terms of how we can impact the health and well-being of people worldwide through our platform, content and products,” said John Foley, Peloton’s CEO and Co-founder. “Our goal is to be the go-to at-home fitness solution for as many people as possible, and with these new product launches, we’ll be able to offer access to Peloton’s best-in-class fitness content at various price points, depending on what consumers are looking for, especially in a world where people are increasingly working out at home.”

The Peloton Bike+ features:

23.8″ rotating HD touchscreen: Seamlessly transition between cycling and floor-based workouts. The screen rotates 180 degrees left and right for easy viewing.

High-fidelity four-speaker sound system: Clearer sound and quality for a more intense Instructor connection.

Gymkit™: With just a tap, pair your Apple Watch® with the Bike+ to keep your metrics in sync.

Auto-Follow: Stay focused on your workout with a touch-free, optional adjustment that automatically scales your resistance, based on Target Metrics. Throughout the class, the digitally-controlled resistance remembers where you fall within the Target Metrics and automatically adjusts based on instructor guidance, allowing you to fully lose yourself in the class.

The Peloton Tread features: 

23.8″ HD touchscreen with integrated speakers: Transition seamlessly between the Tread and the floor during your workout. The screen tilts up and down 50 degrees, so you can have the best possible view and sound, bringing you even closer to Instructors.

Designed to fit your daily routine: Tread measures smaller than most couches at 68″ L x 33″ W x 62″ H and fits comfortably in most homes.

Thoughtfully designed running platform: Tread has no front shroud, typically found in traditional belt treadmills, which creates an unencumbered training environment free of obstacles.