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Wednesday, November 13, 2019

Peloton exploring apps for Amazon Fire TV, Apple Watch: Bloomberg

© Reuters. A Peloton exercise bike is seen after the ringing of the opening bell for the company's IPO at the Nasdaq Market site in New York City© Reuters. A Peloton exercise bike is seen after the ringing of the opening bell for the company's IPO at the Nasdaq Market site in New York City

(Reuters) - Peloton Interactive Inc (O:PTON) is exploring apps for Amazon.com Inc's (O:AMZN) Fire TV and Apple Inc's (O:AAPL) Watch, Bloomberg reported on Wednesday, citing people familiar with the matter.

The treadmill and exercise bike-maker is also planning for a cheaper treadmill, rowing machine for the next year, according to the report. (https://bloom.bg/2rA6U6u)

Peloton is known for its on-demand workout program on exercise bikes which allow riders to join virtually with other participants.

"While our R&D team is always working on ideas, we have no new products to announce on either the software or hardware side", a company spokeswoman told Reuters.

Peloton's shares fell 7.5% earlier this month after it forecast a loss for fiscal 2020 in its first earnings, following a disappointing market debut in September.

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