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Peloton slashes the price of its Bike by hundreds of dollars to $1,495

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Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California.

Ezra Shaw | Getty Images

Peloton said it’s lowering the price of its less expensive Bike machine by about 20% to $1,495, starting Thursday.

This marks the second time Peloton has cut the price of its original Bike. When the company debuted its Bike+ machine last September at $2,495, it cut the original Peloton Bike’s price from $2,245 to $1,895.

Prices also will be cut in the U.K., Canada, Germany and Australia, the company said in a blog posted to its website.

Following a recall and redesign, Peloton will begin selling the less-expensive version of its treadmill machine, the Tread, next…



Source cnbc.com

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