After a blowout quarter, Peloton is considering ways to make its expensive, high-tech workout equipment more affordable and accessible to a larger audience, according to its CEO.
One way it might go about that is by renting out its pricebikes and treadmills in the future, CEO John Foley told CNBC’s “Squawk Box” Friday morning, on the heels of Peloton’s eye-popping earnings report.
Five or 10 years from now, Foley said he’d be “surprised” if Peloton didn’t have a rental option in place for its gear. “It’s not something you are going to see in the next year. … But I love moving in that direction,” he said. “It’s all in the name of affordability for our members and making sure they…