Apple acquiring Peloton is one of Deepwater’s top 2024 predictions

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While this year’s list includes 13 total items, maybe the most near-term actionable item is the idea that Apple (NASDAQ:AAPL) will acquire Peloton (NASDAQ:PTON).

“Apple will look to bolster their workout segment in 2024 by adding fitness equipment to compliment the Watch and fitness tracking software,” analysts commented. “Peloton has a loyal subscriber base of about 3 million users that will add about $1.7B to Apple’s subscription revenue, additionally this fits well into Apple’s continued investment in health and wellness.”

Peloton shares were down 23% in 2023 and are down about 96% from their 2021 COVID-19 highs.

Below are all of Deepwater’s predictions for 2024: