Apple Plans Virtual Fitness Classes to Take on Peloton

Apple Plans Virtual Fitness Classes to Take on Peloton

It's no secret that Peloton Interactive (NASDAQ: PTON) has been one of the big winners from the lockdowns and the emerging stay-at-home economy. Now it appears Apple (NASDAQ: AAPL) wants a piece of the action. Apple is reportedly working to offer virtual fitness workshops that would put it in direct competition with online classes offered by Peloton and Nike's (NYSE: NKE) partner ClassPass, according to a report by Bloomberg.