
Cathie Wood Seeks Tech Gains in Meta, TSMC After Dumping Nvidia
Cathie Wood’s funds have reentered Meta Platforms Inc. and Taiwan Semiconductor Manufacturing Co. after nearly a year and
2023-06-13 18:18

Kickr Move: Wahoo launches new indoor cycling trainer after ‘horrible’ period for bikes
Wahoo has launched the Kickr Move, a new indoor cycling trainer aimed at improving the experience of riding indoors - and overcoming a range of problems experienced by home training companies in recent years. The new Kickr Move adds movement to indoor cycling. Until now, riding a bike indoors has almost uniformly meant mounting a bike onto a smart trainer that allows for little movement, either sideways or forwards. That lack of movement in turn leads to problems with comfort, as well as realism, given that riders are stuck in the same position. In recent years, indoor cyclists have undertaken increasingly complicated ways of solving that problem, including putting their bikes and turbo trainers onto large “rocker plates” – essentially big wooden platforms intended to allow them to move a little more. Wahoo said that building a system like that was never on the table. While those rocker plates showed there was clearly an "unmet need", the company's founder Chip Hawkins told The Independent that "doesn't make any sense at all" and that the company therefore set about building a new kind of solution. Without that kind of movement, the forces that usually move a bike do not happen on a fixed trainer, which leads to "unnatural pushing and pulling", Hawkins said, which can make long rides inside uncomfortable and unrealistic. Fixing that added a completely different appeal that aims to make indoor riding more appealing, he said. Wahoo did so by taking its existing smart trainer and essentially mounting it on a track, to allow movement back and forth, with about 14cm of space back and forth. If a rider gets out of the saddle, for instance, the bike will drop back and then forward again – something that’s so natural in the real world that it hardly takes any thought, but which has been almost entirely missing in indoor cycling. (Wahoo’s rival, Tacx, released its own “Motion Plates” last year, but they are added on to the trainer separately.) The Wahoo Kickr that is on the market today looks almost identical to the one sold ten years ago, though there has been the addition of new technologies such as built-in WiFi; the new Move is the first noticeable different smart trainer Wahoo has released in years. Even in the new release, the changes are minimal: the Kickr Move takes most of the components from Wahoo’s existing smart trainer and puts them in that track. At the same time, it has also announced a new, cheaper version of its premium Kickr Bike, an entire indoor bike, aimed at broadening the appeal. But even if the changes are humble, the new Kickr Move marks the first major change to the design of indoor bike training equipment in years. And, perhaps more importantly, they come at a time when the future of indoor cycling's future is being decided. Indoor cycling as an industry and an activity has been no stranger to dramatic movements in recent years. When the pandemic began, early in 2020, many took to working out indoors, and the connected fitness and indoor training industry experienced a surge in demand so strong that it became a problem. For the first year, Wahoo and other indoor training companies couldn't make enough stock to sell, and as soon as turbo trainers appeared on retailers' websites they would disappear again. Orders came in and shops stocked up heavily, to avoid any similar difficulties in the years to come; factories were coming back online and were ready to make those smart trainers. "And then everyone went outside," Hawkins recalls. All of the indoor training equipment that had been ordered had nowhere to go. "Our sales took a horrible nosedive." Prices were reduced to clear out those now full shelves at bike shops, and sales fell too. "It was a really, really tough year last year," Hawkins says. This time around, as the autumn approaches and trainer season begins again, the industry is having the opposite problem: for the most part, that glut of trainers has been sold, but bike shops are anxious about ordering too much to replace them. What's more, the effect of the pandemic on bikes was much the same – bikes were impossible to buy, so more were made, and they are now stuck on shelves – meaning that those shops might not have space or money to buy trainers even if they wanted to. At the same time, things were looking especially shaky at Wahoo. At the height of covid – when people wanted indoor fitness equipment, and investors wanted the companies that make them – Wahoo was sold to a private equity firm. Wahoo commanded a chunky valuation as the lockdown sales rolled in, benefiting from the same excitement that also sent the share price of rivals Peloton soaring. Then lockdowns eased, and people started leaving the house. Interest in indoor cycling started to fall away. Peloton’s stock plummeted; it has lost 97 per cent of its value since its highs in early 2021. Wahoo’s financial analysts started to use words like “unsustainable” about the company, and it looked as if its debt problems could lead the company to collapse. Some 18 months after a sale built on frenzied excitement about indoor cycling, Wahoo looked in peril. The debt taken on to support the sale was called in and the company was taken over by the banks, and the "shareholders lost everything", Hawkins said. Wahoo's marketing activities went away, product development slowed, staff were let go, and the company looked in danger. Then Hawkins stepped back into buy the company, along with three other strategic investors. It was a "fresh start", he says, and the company was free of its debt. Wahoo's operations "never really missed a beat" throughout the financial chaos, and so the company was able to get back to work again. "We're not trying to raise quick bucks or anything – I'm really trying to set us up for long-term success, which is exciting", he says. The Kickr Move and the Bike Shift are the first major new products to come out of Wahoo since all of that happened. As well as the new products, it comes with a new approach: more sustainable packaging, and a new setup experience – as well as a new, higher price. The Kickr Move costs £1,399 – £300 more than the existing Kickr smart trainer, which will stay on the market. Encouraging people to pay that extra might be difficult, given so many cyclists have just bought trainers in recent years, especially through the pandemic. But Hawkins says that while the market might look mature, there are still plenty of people out there still to be reached. Hawkins' instinct is that indoor cycling is a mature market, but Wahoo's data suggests that only 11 per cent of "committed cyclists" have a smart trainer. "There is still a tonne of people that haven't discovered smart training yet – I don't know exactly where they are, but it seems like there is a lot of room for kind of continuing to expand the category". The Kickr Move is another attempt to reach those people, as well as being extra innovation intended to make those with older trainers upgrade. In use, the Kickr Move is considerably more comfortable: it is hard to understand how much discomfort is caused by a lack of movement until you're able to move back and forth. And the relative lack of innovation elsewhere means that setting up the new trainer is familiar and simple, and that it works easily with Wahoo's other products. (The only problem is Wahoo's Kickr Climb, which allows people to tilt the front of their bike up and down as if they were ascending and descending, and which needs an extra foot to be compatible with the Kickr Move, sold separately.) The new trainer is far from the only innovation planned by Hawkins in the time to come. "You've got other things coming besides this launch," he teases; "we are 10, 12 years old in this market, compared to 150-years or something for cycling. So I think we've got a long way to go." Read More Apple is about to launch what could be the most controversial iPhone in years Apple is about to reveal the new iPhone – and a lot more Here’s when you will actually be able to get the new iPhone Apple is about to launch what could be the most controversial iPhone in years Apple is about to reveal the new iPhone – and a lot more Here’s when you will actually be able to get the new iPhone
2023-09-12 21:22

Google faces £7 bn claim on behalf of UK consumers
Google is facing a new lawsuit in Britain, which accuses the US tech giant of stifling competition in the search engine market and causing prices to rise across the...
2023-09-07 20:50

Nvidia Hits Record High as AI Demand Fuels Blowout Forecast
Nvidia Corp. reached a record high Thursday after the chipmaker at the forefront of an industrywide artificial intelligence
2023-08-25 00:22

Friends learn of Princess Diana's death in real-time in historic viral video
It's 26 years to the day since Diana, Princess of Wales, died following a car crash in Paris, France along with her partner Dodi Fayed and driver Henri Paul. Diana was arguably the most famous woman in the world at the time and the level of devotion to her by the public will possibly never be seen again for a member of the Royal family. The outpouring of grief in the weeks that followed her death was unlike anything the UK has ever seen and the response was similar elsewhere around the world. One particular clip which sums this up is a now-viral video filmed by Alan Light who was playing cards with his friends in Iowa City, Iowa on that fateful night in 1997. Light was testing out his new camcorder and while everyone is in a good mood at the start of the video one of the friends does mention that Diana had been gravely injured because of the crash. They continue to play cards with CNN's coverage playing in the background. However, the atmosphere soon changes a few minutes into the video when CNN announces that Diana has passed away causing them to be utterly shellshocked by the news. Friends shocked to learn Princess Diana is dead (Historic 1997 video) www.youtube.com The rest of the near 7-minute video plays out with the friends quietly watching the coverage of the event on CNN. The video has been viewed more than 10 million times on YouTube alone and is considered to be one of the first ever reaction videos, even though the men involved at the time weren't aware of that. Since sharing the video in 2021, Light has been inundated with questions about why he was filming at that exact moment. He recently answered those queries in the comments section of the video. He wrote: "I recorded this home video in 1997 the night Diana died and it sat in a box for many years. Why was I recording? I was trying out a new camcorder by recording friends playing the card game UNO. When my mom called me to say that Diana was in a car crash I turned on the TV, on silent, and we kept playing the game while monitoring the text on the bottom of the TV screen. "When the screen text changed to "Diana dead" the true reality of the situation hit like a ton of bricks and we stopped playing UNO of course, and rushed over to the TV. This was recorded in America, in the state of Iowa. All of the guys in the video are still alive today (as of today, June 6, 2022). "The guy who screams when he learns Diana has died is my friend Ken who still lives in Cedar Rapids, Iowa. It is his genuine reaction to the news of Diana's death. Some people call it a "Wilhelm scream." (Apparently that's a movie term). The guy who stifles a smile after Ken's scream is Scott (his brief smile was a reaction to Ken's loud silly scream, NOT to Diana's death). "When CNN announced that Diana had died I didn't turn the camera back to the TV because my instinct was that it would be more interesting to capture my friends' reactions. Some people call this video the first of what are now called "reaction" videos, a term that didn't exist in 1997 (and neither did YouTube, which began in 2005)." Sign up to our new free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-31 15:18

Sweden's Northvolt to build $5.2 billion battery factory in Canada
By Supantha Mukherjee and Divya Rajagopal STOCKHOLM/TORONTO Swedish lithium-ion battery producer Northvolt said on Thursday it would open
2023-09-28 23:17

Goldman’s Biggest Office Beyond New York Attests to India’s Rise
On the eastern side of Bengaluru, the city sometimes called the Silicon Valley of India, sits a campus
2023-06-14 07:15

Ashling announces availability of their new product, the Vitra-XS Debug & Trace Probe for Synopsys ARC® Processors
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2023-06-30 19:57

Automated Truck by IVECO and Plus Now on Public Roads in Germany
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2023-07-06 20:20

Harris rejects invite to debate slavery with Ron DeSantis
WASHINGTON U.S. Vice President Kamala Harris on Tuesday rejected an invitation from Florida Governor Ron DeSantis to discuss
2023-08-02 04:16

Firm regrets taking Facebook moderation work
The chief executive of Sama says it will no longer take work involving moderating harmful content.
2023-08-16 07:16

iPhone 15: Changes will help latest phone move towards ‘Apple’s dream’, report claims
The upcoming iPhone 15 will include a host of changes aimed at letting Apple achieve its long-awaited dream handset, according to a new report. The updated handset will bring a host of new changes, including titanium frames that will make the device stronger and lighter, as well as new display technology that will let Apple shrink down the bezels around the display. That will mean that the black border around the device’s screen will be a third smaller, according to a new report from Bloomberg. Apple has long been working to turn the iPhone into one slab of glass, without bezels or sides, so that the technology can disappear. In recent years, it has got considerably closer to that dream: with the iPhone X in 2017, it removed the “chin and forehead” at the bottom and top of the display, and since then it has further shrunk those bezels and the notch that is still required for cameras and other sensors. Even still, however, the iPhone has a bezel that wraps around the display, where the screen attaches to the side of the phone. Apple has never been able to entirely remove that border. The new device will not achieve that dream. But Bloomberg’s Mark Gurman suggested that the new device would bring it closer to it, by shrinking those sides down considerable. It will also bring an action button in the place of a mute switch, and the introduction of USB-C in the place of the existing Lightning port. Both of those features have appeared on other Apple devices already, in the Apple Watch Ultra and iPad respectively. Many of those changes have already been rumoured. But Mr Gurman has a strong track record of reporting Apple’s moves before they are publicly announced, suggesting that all those changes are likely to be true. The non-Pro version of the iPhone will also get an improvement, in the form of the “Dynamic Island” that replaced the notch in this year’s iPhone 14 Pro. That allows for more of the display to be seen, and looks to use the black cutout for the sensors as a feature rather than a frustration. All of those changes will bring an increased price, Mr Gurman reported, with prices expected to rise internationally and potentially even in the US. Recent reports have suggested the same, with some analysts indicating that some versions of the new iPhone could cost $200 more than its predecessor. The new versions of the Apple Watch will also get their first meaningful chip upgrade since 2020, bringing a “sizeable performance bump”, Mr Gurman reported. Read More New iPhone might have a mysterious button on its side – and this is what it could do iPhone users urged to check their photo library amid fears they could be deleted Rumours are growing about some bad iPhone news
2023-08-01 00:21
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