Oct 25, 2017

Questions loom over iPhone 8 demand and iPhone X supply

Phil Schiller, Apple SVP of worldwide marketing, announces iPhone X features. Photo: Marcio Jose Sanchez / AP

Apple warned Tuesday that iPhone X buyers should show up early when the device hits stores on Nov. 3. Demand for the iPhone 8 has also reportedly been sluggish, with Canada's largest carrier calling sales "anemic." Those are the two likely issues we reported ahead of the device's introduction were likely to be a problem.

Why it matters: The iPhone is the biggest driver of Apple's sales and profits and the launch season is a critical time.

On the subject of iPhone 8 demand, we would have been interested to hear AT&T's thoughts on the subject, but sadly it didn't come up on the company's earnings conference call.

As for the iPhone X, not only is the phone coming more than a month after the other new models, but multiple reports suggest supply is even tighter than planned amid component challenges. Bloomberg says that Apple has loosened its requirements for a key component in the Face ID recognition system in order to boost supply.

We should know a bit more on both fronts when Apple reports earnings Nov. 2.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 p.m. ET: 857,487 — Total deaths: 42,107 — Total recoveries: 178,034.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 8 p.m. ET: 188,172 — Total deaths: 3,873 — Total recoveries: 7,024.
  3. Business updates: Should you pay your rent or mortgage during the coronavirus pandemic? Find out if you are protected under the CARES Act.
  4. Public health updates: More than 400 long-term care facilities across the U.S. report patients with coronavirus — Older adults and people with underlying health conditions are more at risk, new data shows.
  5. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  6. U.S.S. Theodore Roosevelt: Captain of nuclear aircraft carrier docked in Guam pleaded with the U.S. Navy for more resources after more than 100 members of his crew tested positive.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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World coronavirus updates: UN warns of recession with "no parallel" to recent past

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus pandemic is the "greatest test" the world has faced together since the formation of the United Nations just after the Second World War ended in 1945, UN chief António Guterres said Tuesday.

The big picture: COVID-19 cases surged past 856,000 and the death toll exceeded 42,000 Tuesday, per Johns Hopkins data. Italy reported more than 12,000 deaths.

Go deeperArrowUpdated 42 mins ago - Health

White House projects 100,000 to 240,000 U.S. coronavirus deaths

President Trump said at a press briefing on Tuesday that the next two weeks in the U.S. will be "very painful" and that he wants "every American to be prepared for the days that lie ahead," before giving way to Deborah Birx to explain the models informing the White House's new guidance on the coronavirus.

Why it matters: It's a somber new tone from the president that comes after his medical advisers showed him data projecting that the virus could kill 100,000–240,000 Americans — even with strict social distancing guidelines in place.

Go deeperArrowUpdated 2 hours ago - Health