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Photo: Apple

Apple on Wednesday announced the second-generation iPhone SE, which combines many of the features of the iPhone 8 with the same A13 Bionic processor found in the iPhone 11 and iPhone 11 Pro in a $399 device.

Why it matters: It gives Apple a new product to sell and offers a lower priced option to those who need a new phone but are looking to save money amid the economic uncertainty created by the coronavirus pandemic.

Details: The new iPhone SE:

  • is built around a 4.7-inch display (similar to iPhone 8).
  • has a home button with Touch ID (similar to iPhone 8 and earlier models).
  • includes IP 67 dust and water resistance.
  • comes with a single 12-megapixel rear camera with portrait mode options (but not the night mode found in iPhone 11 and iPhone 11 Pro).
  • starts at $399 for a 64GB version, with the 128GB model priced at $449 and a 256GB model available for $549.
  • will be available April 24, though largely online given that U.S. Apple stores are closed, as are many carrier and retail partners.

Flashback: Apple introduced the iPhone SE 4 years ago, marrying the small size of the iPhone 5s with more modern internals. The device proved to be a hit among a variety of buyers, including some who preferred a smaller phone.

Our thought bubble: In a world where we may be wearing face masks for some time, Touch ID seems preferable to Face ID (which doesn't generally work with a mask).

Go deeper

Ina Fried, author of Login
11 mins ago - Economy & Business

The pandemic isn't slowing tech

Illustration: Eniola Odetunde/Axios

Thursday's deluge of Big Tech earnings reports showed one thing pretty clearly: COVID-19 may be bad in all sorts of ways, but it's not slowing down the largest tech companies. If anything, it's helping some companies, like Amazon and Apple.

Yes, but: With the pandemic once again worsening in the U.S. and Europe, it's not clear how long the tech industry's winning streak can last.

Texas early voting surpasses 2016's total turnout

Early voting in Austin earlier this month. Photo: Sergio Flores/Getty Images

Texas' early and mail-in voting totals for the 2020 election have surpassed the state's total voter turnout in 2016, with 9,009,850 ballots already cast compared to 8,969,226 in the last presidential cycle.

Why it matters: The state's 38 Electoral College votes are in play — and could deliver a knockout blow for Joe Biden over President Trump — despite the fact that it hasn't backed a Democrat for president since 1976.

Wall Street braces for more turbulence ahead of Election Day

Illustration: Eniola Odetunde/Axios

Wall Street is digging in for a potentially rocky period as Election Day gets closer.

Why it matters: Investors are facing a "three-headed monster," Brian Belski, chief investment strategist at BMO Capital Markets, tells Axios — a worsening pandemic, an economic stimulus package in limbo, and an imminent election.