Peloton reveals a $495 webcam that tracks your body movements amid pressure

Yahoo Finance2021-11-09

Peloton's (PTON) answer to rivals Mirror and Tonal in the strength category isn't a large new piece of dust-collecting hardware, but rather a high-tech $495 webcam. On Tuesday, the company revealed ...

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Guide will keep getting smarter so it can grow stronger alongside our members,\" said Peloton co-founder and chief product officer Tom Cortese in a statement.\nThe newest Peloton product, the Peloton Guide.Peloton\nFor Peloton's sake, it better sell a lot of Guides this holiday season.\nPeloton's stock crashed more than 30% on Nov. 5 after the company said that connected fitness subscribers of 2.49 million was roughly in-line with analyst estimates. The number of workouts on the platform trended lower for the second consecutive quarter. Sales fell well short of analyst estimates, and the company posted a wider loss than expected.\nThe stock has stayed under pressure since the report.\nPeloton also slashed its full-fiscal year outlook.\nThe company sees full-year sales of $4.4 billion to $4.8 million, down sharply from $5.4 billion previously. Peloton expected a full-year adjusted operating loss of $425 million to $475 million. 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