Peloton’s stock falls toward 6th-straight loss after report of coming competition from Apple
Shares of Peloton Interactive Inc.
dropped 4.0% in premarket trading Thursday, putting them on track for a sixth-straight loss, amid concerns that the at-home fitness company could face competition from Apple Inc.
Bloomberg reported, citing people with knowledge of the effort, that Apple was developing a new subscription for virtual fitness classes, which would rival the virtual classes offered by Peloton and Nike Inc.
Shares of Nike slippe…