Peloton announces new cheaper treadmill and pricier Bike Plus

Peloton has doubled its product lineup, announcing a cheaper treadmill and more expensive exercise bike. The new treadmill, called the Tread, will be available for $2,495 starting in “early 2021,” while the exercise bike, the Bike Plus, will also sell for $2,495 from September 9th in the US, UK, Canada, and Germany. As a result of the launches, the original Peloton Tread has been renamed the Tread Plus ($4,295), while the original Bike keeps its name but has a lower price tag of $1,895.

We heard reports last week that this new equipment was coming, and it’s no surprise considering how Peloton’s business has grown during the pandemic. With gyms closed and more people keen to work out from home, the company has seen sales grow 66 percent...

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