The treadmill and exercise bike-maker is also planning for a cheaper treadmill, rowing machine for the next year, according to the report. (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.
Reporting by Ayanti Bera in Bengaluru; Editing by Shounak Dasgupta
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