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Apple Announces Digital Service to Compete with Peloton

In case you were wondering, you CAN watch the Apple Time Flies event at the same time Peloton does their first-ever investor and analyst event.  If you ever need tips on how I’m your gal.  Anyway, here’s what you missed if you were not a crazy person and watched only one or neither.

Apple announced Fitness+, a monthly service that is $9.99/month as a standalone product.  Fitness+ is notable for a few reasons:

  1. All of the workouts can be done on any brand of said equipment (any treadmill, any bike, etc)
  2. You can use your brand new Apple Watch, Apple phone or Apple TV to play the workout
  3. There are real classes and real instructors — just like, you know, Peloton.  Gulp.
  4. It’s $9.99 / per month and Peloton is $12.99 / per month (digital only)
  5. They will be creating new classes weekly

OK, so I’ll just cut right to the chase.  This was definitely just a defensive play by Peloton, so they must have known it was coming.  We HOPED it meant a joint strategy but NOPE.

During the Q&A session of the Peloton event, someone asked John Foley, what are your thoughts on Apple launching at $9.99?  Foley replied with a long answer, but the one point he made that REALLY stood out to me was that Apple will be updating classes weekly and Peloton, once the London studio is online, will be producing 50 live classes a DAY.  A DAY.  That’s a big jump and I’m excited to see it happen.  In other words, that $3 a month price difference gets you a LOT of classes and of course, with the best instructors on the planet compared to Apple’s complete (so far) unknown coaches.

On the flip side, Apple loves keeping everything in its ecosystem and for those who have Apple products and their own gym at home or access to one, it also means an easy way to keep everything neat and tidy in Apple’s world.

So, does this mean Apple is coming for Peloton?  Maybe.  John Foley has been saying over and over again that digital is very competitive and will continue to be.  The real question is – will Apple partner with a hardware maker to take their fitness platform to a whole new level or will they be happy with digital?

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1 Comment

  1. cheesemonkeysf on October 22, 2020 at 11:35 pm

    If Peloton cuts off my access to my Bluetooth cadence sensor, I would definitely just switch over to Apple Fitness+. Fitness+ will be connected with the Apple Music service and the Apple TV/watch/phone infrastructure. They’ll probably either connect with any Bluetooth cadence sensor or any other fitness equipment you want to use with their services.

    It won’t take Apple that long to build up a library of amazing on-demand fitness programs, plus they’ve already got the advantage of having one of the top streaming music services already built into their Apple One service, which will sell for $29.99/month, including Apple Music, Apple Fitness+, Apple TV, etc etc. So Fitness+ will suffer from none of Peloton’s music licensing woes.

    Peloton would do well to keep their app service widely interoperable. Otherwise they will sacrifice their first-mover advantage for nothing.

    Keeping people hooked on THEIR classes through the app is their best chance for survival.

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