Video-conferencing services like Zoom Video Communications Inc. aren't the only tech tools seeing a rise in use since the outbreak of COVID-19. Some 41% of Americans used a fitness app for the first time during quarantine and over half (56%) are so confident in their home workouts that they plan to cancel their gym memberships, according to a survey of 2,000 people from Freeletics, a provider of AI-based fitness and lifestyle coaching. The survey was conducted by OnePoll. The average American used two fitness apps and took four online fitness classes during lockdown. The exercise-at-home movement is reflected in the stock performance of leading fitness vendors. Peloton Interactive Inc. (PTON) shares have soared 119% this year, while those of Fitbit Inc. (FIT) are up 5%. By comparison, the S&P 500 index is down 0.4% in 2020.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 15, 2020 13:11 ET (17:11 GMT)
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