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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

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Peloton stock tanks on report of production halt

Illustration: Aïda Amer/Axios

Peloton stock fell by as much as 25% on Thursday, following a CNBC report that the connected fitness company will temporarily halt production on its bikes and treadmills.

Why it matters: Peloton is viewed by many as a proxy for consumer behavior in the pandemic era, as its popularity surged when gyms closed and people wanted to exercise at home.

Updated 2 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Omicron pushes COVID deaths toward 2,000 per day — The pandemic-proof health care giant.
  2. Vaccines: No evidence that healthy children, teens need boosters, WHO says — Starbucks drops worker vaccine or test requirement after SCOTUS ruling — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older.
  5. Variant tracker
Updated 2 hours ago - World

Biden cleans up comments about Russia invading Ukraine

Photo: Doug Mills-Pool/Getty Images

President Biden sought to clarify his suggestion that a "minor incursion" by Russia into Ukraine may not draw the same response as a large invasion, telling reporters Thursday that "Russia will pay a heavy price" if any troops cross the border.

Why it matters: Some officials in Kyiv saw Biden's comments as inviting Russian aggression.