Peloton is slashing the price of its Bike by hundreds of dollars to $1,495.
Peloton said it's cutting the price of its less expensive Bike product by about 20% to $1,495, starting Thursday.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.Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California.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.
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