Peloton cuts hardware prices & hikes subscription fees amid calls for sale to Apple

Peloton's new CEO is taking action to recover the company's finances, by cutting the price of its fitness equipment to clear inventory while at the same time hiking its subscription fees as shareholders again call for a sale to Apple.PelotonStarting June 1, the fitness company says it will raise the price of its North America All-Access membership from $39 to $44 in the U.S. and from $49 to $55 in Canada. International pricing is set to stay unchanged for the time being. Read more...