As it announced the Peloton partnership, Lululemon said it would stop selling the Studio Mirror device by the end of the year.
Peloton's stock jumped more than 15% in extended trading. Shares of Lululemon — which has a roughly $48 billion market cap compared to Peloton's $1.7 billion — were flat in after-hours trading.
Lululemon said it will stop selling the Studio Mirror, which allows users to stream workout classes, by the end of the year. It will still offer service and support for existing Mirror equipment.. Peloton has shifted its strategy to focus more on subscriptions and less on its pricey exercise equipment.
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