Peloton Releasing A “Cheaper” Treadmill

THERE'S A LESS EXPENSIVE PELOTON TREADMILL AVAILABLE SOON.

(CNN) – Peloton has a new treadmill that’s a little less pricey.

It will be released in May.

“The Tread” will cost nearly $2,500, almost half the price of Peloton’s “The Tread Plus.”

The new machine is a little slimmer than the original treadmill, with a lower maximum incline and a smaller screen.

Peloton officials say they want to become “a fitness brand” and hope this variation will be more accessible.

Peloton reported earnings of more than $1 billion during the quarter that ended in December.

Categories: Business, US News