Could Apple Acquire Peloton in 2024? 2 Things Investors Should Know About the Rumors
Thanks to its lineup of incredibly popular hardware products, and its budding services and software offerings, Apple (NASDAQ: AAPL) has become one of the most valuable businesses on the face of the planet. Its expertise and dominant success in the consumer-focused tech world could be beneficial when it comes to potential acquisitions.
Consider Peloton Interactive (NASDAQ: PTON). This once-thriving exercise equipment and app enterprise has experienced falling demand and ongoing net losses. Maybe its turnaround plans could get a boost with some help.
With its massive financial resources, is there a possibility the iPhone maker will go out and buy the struggling fitness company? Here are two important things that investors should know about the ongoing rumors of this deal.
Source Fool.com