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FILE - A Peloton bike is shown on Nov. 19, 2019, in San Francisco. (AP Photo/Jeff Chiu, File)

FILE - A Peloton bike is shown on Nov. 19, 2019, in San Francisco. (AP Photo/Jeff Chiu, File)

FILE - Peter Stern, Apple Vice President of Services, speaks at the Steve Jobs Theater during an event to announce new products, March 25, 2019, in Cupertino, Calif. (AP Photo/Tony Avelar, File)

FILE - Peter Stern, Apple Vice President of Services, speaks at the Steve Jobs Theater during an event to announce new products, March 25, 2019, in Cupertino, Calif. (AP Photo/Tony Avelar, File)