this post was submitted on 23 Aug 2024
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Peloton announces $95 “used equipment activation fee” (arstechnica.com)
submitted 4 months ago by [email protected] to c/technology
104 comments fedilink hide all child comments
 
  • Peloton is introducing a $95 "used equipment activation fee" for bikes purchased from outside its official channels in the US and Canada, aiming to boost revenue and maintain onboarding quality for new subscribers.
  • The fee has sparked criticism as it reduces the cost savings typically associated with buying secondhand equipment and diverges from practices in other industries, potentially discouraging used market purchases.
  • Peloton's hardware sales continue to decline, but subscription revenue has seen slight growth; the company still faces financial struggles despite cost-cutting measures and layoffs.
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[–] Wogi 29 points 4 months ago (1 children)

They already charge a ridiculous monthly fee just to use the bike.

And sure, it's a nicer exercise bike, but you can get a similar experience with a much cheaper bike and a tablet.

[–] elliot_crane 11 points 4 months ago (1 children)

Yep. I’ve been doing this for a while now with a cheap old no-name bike and an ipad. Poor man’s peloton ftw.

[–] [email protected] 2 points 4 months ago (1 children)

How do you do this with a tablet? Can you buy like a wheel sensor or something?

[–] elliot_crane 6 points 4 months ago

I don’t have anything fancy going on with the tablet. Like it’s not tracking the bike or my workout or anything like that. I just use my watch for fitness tracking and put up either exercise videos or a stream or something to watch on the tablet.