Apple Challenges Peloton by Launching Fitness Subscription Service
Apple (NASDAQ: AAPL) announced many new products at its launch event on Tuesday, including the eighth-generation iPad, a new iPad Air, and the Apple Watch Series 6. But to go along with these new hardware products, the company is launching a new subscription service called Apple Fitness+. It's slated to arrive later this year.
Apple Fitness+ will cost $9.99 per month or $79.99 per year. This pricing is similar to other popular at-home fitness solutions including Peloton Interactive (NASDAQ: PTON). Peloton has two subscription options: one for people who own Peloton hardware ($39 per month) and one for users of the Peloton App ($12.99 per month).
Image source: Apple.
Source Fool.com
