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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

Heat wave enveloping West will shatter records, spark wildfires

The sun sets behind power lines in Rosemead, California on June 14, 2021, amid an early season heatwave across much of California this week. Photo by Frederic J. Brown/AFP via Getty Images

A dangerous and widespread mid-June heat wave is bringing blowtorch-like heat, skyrocketing power demand, and “critical” wildfire danger to much of the West Tuesday through this weekend.

Why it matters: The heat is building in a region that is experiencing a record drought, leading to dangerous fire weather conditions, straining electrical grids, and causing water supplies to dwindle further. The heat itself may prove deadly.

Politico's top editor leaving for NBC

Screenshot: Youtube

Politico’s top editor Carrie Budoff Brown is joining NBC in a high-level executive position at the network that includes overseeing the "Meet the Press" franchise, sources familiar with the discussions tell Axios.

Why it matters: Budoff Brown has been with Politico since its earliest days in 2007 and is admired among newsroom staff. Her departure will be a major loss to the organization.

Bored of binging: Weekly streaming releases on the rise

Expand chart
Data: Parrot Analytics; Chart: Will Chase/Axios

Consumers and streamers are gravitating towards shows that are released weekly, as opposed to binge-watching shows that are released all-at-once, according to data provided exclusively to Axios from Parrot Analytics.

Why it matters: Streamers are no longer competing against traditional TV for consumers attention — they're competing against each other. Weekly releases help reduce subscriber churn.