Peloton is having a very bad week. On Thursday, CNBC reported that the company is putting the brakes on the production of its products for at least the next two months. It’s as clear a sign as there is that the company’s high-end fitness gear is piling up in warehouses. That comes after Insider previously reported the company was preparing for a large number of layoffs… More here.
This might make sense for Apple. Arguably Apple is a huge competitor in this area and this could fit. Not convinced, however, that the company wouldn’t be more likely to make its own bike or treadmill.