You may soon have to assemble your own Peloton
Coming on the heels of a third round of layoffs, Peloton is now considering redesigning its bikes so that users can assemble them independently. CEO Barry McCarthy is also considering a plan that would let Peloton app subscribers potentially view workouts on third-party workout machines. McCarthy told Bloomberg that Peloton has been working on a bike redesign “for a while” and, to top it all off, said he hopes Peloton’s long-awaited rower might debut sometime this holiday season. He also confirmed the company hasn’t fully given up on the Tread Plus.
All of this tracks with comments McCarthy made in May during the company’s Q3 2022 earnings. At the time, he floated the idea of potentially changing hardware designs so that in the future...