Peloton’s latest earnings are out, and the company failed to meet expectations across the board. This isn’t unheard of for some companies, as expectations set for investors can often be very high. What is interesting about the news, though, is that Peloton is blaming Apple.
This isn't the first time that App Tracking Transparency has come under fire. According to reports, Peloton is claiming that the new feature is to blame for its lower-than-expected results. The company noted that it hit 6.2 million digital-only subscribers in its most recent reports, a number that Bloomberg’s Mark Gurman says is higher than the internal forecasts set by the company. While subscribers might be up, Peloton reported a loss of $376 million for the period ending on September 30. This loss, Peloton says, is due to Apple’s App Tracking Transparency hurting its ability to gain more subscribers.
The post Peloton says Apple’s most controversial new iPhone feature is hurting its business appeared first on BGR.
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Peloton says Apple’s most controversial new iPhone feature is hurting its business originally appeared on BGR.com on Fri, 5 Nov 2021 at 20:18:57 EDT. Please see our terms for use of feeds.
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